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Update Potash of Saskatchewan (POT)

In a presentation at the Bank of America/Merrill Lynch Global Industries conference on December 15, Potash of Saskatchewan (POT) offered a modestly optimistic view on potash fertilizer demand for 2011—and a very bullish view for global agriculture. Potash first. The...

Update Vale (VALE)

And the biggest winner from Argentina’s huge natural gas from shale discovery in Patagonia? YPF Sociedad Anonima (YPF) is certainly a winner. The find of 4.5 trillion cubic feet of gas is roughly double the Argentine company’s previous proved natural gas reserves of...

A smaller but better fertilizer deal?

It doesn’t have the splash of BHP Billiton’s (BHP) $40 billion bid for Potash of Saskatchewan (POT), but Agrium (AGU)’s attempt to snatch AWB, Australia’s largest wheat exporter away from GrainCorp (GRCLF) is actually a more important deal for the acquirer. It looks...

Update Potash of Saskatchewan (POT)

Listening to the Potash of Saskatchewan (POT) conference call today, July 29, I kept thinking that some one was going to yell, “Cue the plague of locusts.” In Russia grain production will fall by 20% because of drought, the company said. Canadian wheat production is...

Sell Yara International (YARIY.PK)

I love fertilizer stocks as a long term play on rising global demand for food and Yara International (YARIY), the world’s largest publicly traded fertilizer company, is one of my favorites in the sector. But that’s the long term picture. In the short term Yara...

Sell Potash of Saskatchewan (POT)

So was that good news or bad news that Potash of Saskatchewan (POT) announced this morning, April 28? For the first quarter of 2010 the company reported earnings of $1.47 a share and revenue of $1.71 billion. Both numbers beat Wall Street projections of $1.32 per...

Update Potash of Saskatchewan (POT)

Potash of Saskatchewan (POT) has been doing a lot of talking recently at private dinners with Wall Street analysts and Wall Street conference calls. The picture that emerges is of a company a lot more confident that it can see the turn in the fertilizer market. In a...

Update Yara International (YARIY.PK)

Norwegian fertilizer maker Yara International (YARIY.PK), already the biggest publicly-listed fertilizer maker in the world, just bought itself a big hunk of the North American market. In an all-cash deal Yara agreed yesterday, February 15, to buy Terra Industries...

Update Bunge (BG)

Brazilian iron ore giant Vale (VALE) said on January 15 that it’s in talks with Bunge (BG) to buy that company’s fertilizer assets in Brazil. The deal, for as much as $3.8 billion, would relieve Bunge of a unit that showed a loss of $127 million in the third quarter,...

Update Yara International (YARIY)

Do Norwegian’s grin? Surely that was a trickle of a smile at Yara International’s (YARIY.PK)  annual update for investors on December 10. The Norwegian fertilizer company reported that the nitrogen fertilizer market was headed for demand-driven price increases...

Reports of China deal send fertilizer stocks soaring

Fertilizer stocks are flying today on news, reported by Industrial Minerals http://www.mineralnet.co.uk/Article/2350062/Potash-market-flat-in-November.html , that China and Belarusian Potash are negotiating a contract for as much as 850,000 metric tons. Such a deal...

Update Yara International (YARIY.PK)

Yara International (YARIY.PK) reported stinko revenue and earnings numbers for the third quarter of 2009 on October 21. Net income per share, for example, fell by a little more than 88% from the third quarter of 2008. So this was exactly the kind of kitchen sink...

Update Yara International (YARIY)

The just-ended and about to be reported third quarter is shaping up as Yara International’s (YARIY) kitchen-sink quarter. Order volumes for 2010 have picked up but prices, in many cases set way back in June, are still low. Yara, a Norwegian fertilizer producer and the...

Update Potash of Saskatchewan (POT)

Potash of Saskatchewan (POT) lowered its guidance for third quarter 2009 and full year 2009 earnings again on Monday, September 21. The company now expects earnings of $3.25 to $3.75 for the full year versus its previous projections of $4.00 to $5.00 and the Wall...

Update Potash of Saskatchewan (POT)

There’s just one more big customer negotiation standing between Potash of Saskatchewan (POT) and a bottom  for potash prices. Unfortunately for anyone hoping for a quick fix that customer is China and the Chinese are likely to take their time striking a deal. In...

Buy Yara International (YARIY.PK)

The bottom isn’t in yet for fertilizer sales. On June 25, the big dog in the industry, Potash of Saskatchewan (POT), reduced its guidance for the second quarter of 2009 because customers around the world continue to defer purchases and prices continue to slip. Yara...