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Stock Market & Financial Investment News

News Breaks
December 31, 2012
13:44 EDTAGU, MOS, 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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April 23, 2015
11:31 EDTAGUAgrium to divest West Sacramento site
Agrium announced that it intends to divest the West Sacramento product upgrade facility and site in 2015. The site has access to tidewater and imports the raw materials to produce UAN solutions for the California market. Over the past two years, the site has produced on average about 200,000 tonnes of nitrogen solution products. The decision to divest the site was made as part of Agrium's portfolio review and any impact on financials are expected to be negligible.
10:00 EDTPOTOn The Fly: Analyst Upgrade Summary
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07:58 EDTPOTPotash upgraded to Buy from Hold at HSBC
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April 22, 2015
10:02 EDTAGUOn The Fly: Analyst Downgrade Summary
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06:17 EDTAGUAgrium downgraded to Sell from Neutral at Citigroup
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April 15, 2015
10:36 EDTMOSBofA/Merrill U.S. credit analysts hold an analyst/industry conference call
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April 14, 2015
07:18 EDTMOS, POTPotash prices likely to continue rising in 2015, says Stifel
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