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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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September 17, 2014
12:54 EDTPOTPotash would like to grow dividend over time
Comments made at the Credit Suisse Basic Materials Conference.
September 16, 2014
17:27 EDTPOT, MOS, AGUUralkali has no plans to restore Belarus potash arrangement, WSJ says
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September 12, 2014
06:27 EDTPOTPotash extracting last miners trapped by mine fire, WSJ reports
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September 11, 2014
12:03 EDTAGU, POT, MOSUSDA raises U.S. corn yield forecast to record
In its monthly World Agricultural Supply and Demand Estimates, or WASDE, report, the U.S. Department of Agriculture's corn yield forecast is raised 4.3 bushels per acre to a record 171.7 bushels. Corn production for 2014/15 is forecast 363 million bushels higher at a record 14,395 million bushels. Total 2014/15 corn usage is projected at 13,605 million bushels, up 170 million from last month. Although a record, usage is expected up just 5 million bushels from 2013/14 as export prospects remain constrained by large foreign carryin stocks, the USDA wrote. Publicly traded companies in the agriculture space include Agrium (AGU), Andersons (ANDE), Archer Daniels (ADM), Bunge (BG), CF Industries (CF), Compass Minerals (CMP), DuPont (DD), Intrepid Potash (IPI), Monsanto (MON), Mosaic (MOS), Potash (POT) and Syngenta (SYT).
September 10, 2014
09:51 EDTPOTPotash September calls active
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September 9, 2014
10:10 EDTMOS, POTOn the Fly: Analyst Downgrade Summary
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08:52 EDTMOS, POT, AGUFertilizer estimates lowered at Cowen
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08:20 EDTMOSMosaic downgraded at RBC Capital
As noted earlier, RBC Capital downgraded Mosaic to Sector Perform from Outperform. The firm downgraded the stock based on higher phosphate input costs and concerns about potash market fundamentals. Target to $51 from $55.
07:51 EDTPOTPotash downgraded to Underperform at Cowen
As previously reported, Cowen downgraded Potash to Underperform from Market Perform. The analyst sees an extended period of potash pricing pressure and significant multiple compression risk going forward. Price target lowered to $29 from $32.
06:34 EDTMOSMosaic downgraded to Sector Perform from Outperform at RBC Capital
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September 4, 2014
11:49 EDTMOSMosaic initiated with a Buy at Societe Generale
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11:49 EDTPOTPotash initiated with a Hold at Societe Generale
Target $37.

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