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Stock Market & Financial Investment News

News Breaks
December 31, 2012
13:44 EDTMOS, AGU, POTFertilzer companies rise after joint venture reaches Chinese deal
Fertilizer makers are advancing after fertilizer marketing company Canpotex reached a deal to supply 1M tonnes of potash in the first half of 2013 to China's Sinofert Holdings, according to PotashCorp (POT). Canpotex is jointly owned by PotashCorp along with fellow fertilizer makers Agrium (AGU) and Mosaic (MOS). Under the agreement, Sinofert will pay $70 per ton less than its previous contract price with Canpotex, which was agreed to in March 2012. In a note to investors, Citigroup wrote that the contract price was somewhat lower than it had expected. Moreover, the firm remains cautious on the sector due to the uncertainty regarding demand in India and the possibility that there could be downward pressure on prices in other key markets. On the other hand, the deal between Canpotex and Sinofert creates a floor for global potash prices and provides some clarity on the market for early 2013, the firm added. Citigroup maintained Neutral ratings on shares of Potash, Mosaic and Agrium. In mid-afternoon trading, PotashCorp rose 2.44% to $40.74, Mosaic gained 2.17% to $56.41 and Agrium added 2.38% to $100.31.
News For POT;AGU;MOS From The Last 14 Days
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March 26, 2015
07:33 EDTMOSMosaic April weekly volatility elevated into Q4 and outlook
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March 25, 2015
10:42 EDTMOSMosaic to host analyst day
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March 24, 2015
08:31 EDTAGU, MOS, POTCanpotex undercut by Belaruskali deal with China, FT reports
Belarus' state-owned fertilizer group, Belaruskali, has agreed to sell its potash to Chinese buyers at $315 a tonne for the first half of 2015, which is well below market prices which are currently about $330-$340 a tonne, said Financial Times, noting that Canpotex, the offshore marketing company jointly owned by Agrium (AGU), Mosaic (MOS), and Potash Corp. (POT), had been holding out for higher prices with the Chinese. Reference Link
March 23, 2015
09:34 EDTAGUAgrium initiated with a Buy at TD Securities
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March 18, 2015
17:30 EDTPOTPotash sees FY15 pre-tax earnings reduced C$75M-C$100M due to tax changes
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March 17, 2015
13:42 EDTPOTPotash upgraded to Buy from Hold at Societe Generale
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