Agrium Inc

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  • uploads///PotashCorp Analysts NTM Recommendation and Target
    Miscellaneous

    Analysts’ April 2017 Recommendations and Targets for PotashCorp

    PotashCorp (POT), the largest producer of potash fertilizers in North America, has fallen 7.0% year-to-date (or YTD).

    By Adam Jones
  • uploads///MOS Analysts NTM Recommendation and Target
    Basic Materials

    Analysts Lower Price Target for Mosaic in August 2017

    Mosaic (MOS) released its 2Q17 earnings on August 1, 2017, and reported EPS (earnings per share) of $0.28, which beat analysts’ estimate of $0.25.

    By Adam Jones
  • uploads///DAP Diammonium Phosphate Realized Prices
    Basic Materials

    How Mosaic’s Phosphate Prices Fared in 2Q16

    Phosphate fertilizer prices are key to Mosaic’s (MOS) Phosphate segment’s sales, earnings, and stock price.

    By Adam Jones
  • uploads///Weekly Urea Spot Prices
    Miscellaneous

    Tracking Urea Price Movement during the Week Ending April 22

    In 2013, about 54% of global ammonia was upgraded to urea, according to FERTECON. But urea prices have rebounded from their lows at the beginning of 2016.

    By Adam Jones
  • uploads///Weekly Urea Spot Prices
    Basic Materials

    Urea Prices: The Continuing Decline Last Week

    Granular urea prices in the Middle East declined 5% to $200 per metric ton in the week ended July 1. It was $210 per metric ton in the previous week.

    By Adam Jones
  • uploads///DAP Prices
    Miscellaneous

    DAP Prices Remain Subdued for the Week Ending June 10

    Ammonia is used to make phosphate fertilizers like DAP (diammonium phosphate) and MAP (monoammonium phosphate).

    By Adam Jones
  • uploads///Mosaics  Month Rating and Price Target
    Earnings Report

    Analysts’ Ratings and the Next-12-Month Price Target for Mosaic

    Of the 22 analysts surveyed, about 32% of them gave Mosaic (MOS) a “buy” rating. About 41% of analysts issued a “hold” rating, and only 27% issued a “sell” rating.

    By Adam Jones
  • uploads///FCF
    Company & Industry Overviews

    How CF Industries’ Cash Flows per Ton Are Set to Increase

    With CF Industries’ production capacity increasing, its cash flow per ton of product is also expected to increase.

    By Adam Jones
  • uploads///Potash Sales Price    e
    Basic Materials

    Why India’s potash price discount won’t affect share prices

    The significance of potash price Wholesale potash price is one of two factors (the other being sales volume) that influence potash producers’ revenues. When prices rise, so does revenue, which will translate to higher profitability (margins), earnings, and share prices. However, when prices fall, they will have a negative impact on fundamentals and share prices. […]

    By Xun Yao Chen
  • uploads///Potash Segments Shipments
    Earnings Report

    Why Did Mosaic’s Potash Shipments Decline in 4Q15?

    Overall, 4Q15 potash shipments declined 16% to 1,931 thousand tons, from 2,039 thousand tons in 4Q14. Most of the decline came from the international crop nutrient shipments.

    By Adam Jones
  • Basic Materials

    Key trends Intrepid Potash investors should watch for in 2014

    After a year of declining sales and increasing costs, management seems much more optimistic regarding potash as well as Langbeinite.

    By Jose de la Puente
  • uploads///Agriums Next Four Quarters EBITDA Estimates
    Company & Industry Overviews

    A Look at Earnings Estimates for Agrium in 2017

    Over the next four quarters ending in 3Q17, Agrium’s EBITDA (earnings before interest, tax, depreciation, and amortization) margin is estimated to expand to 12%.

    By Adam Jones
  • uploads///Wholesale Segment Gross Margin
    Earnings Report

    What Benefited Agrium’s Wholesale Gross Margins in 1Q16?

    Agrium’s Wholesale segment’s gross margins declined from 27% in 1Q15 to 24% in 1Q16. This was primarily driven by a decline in gross margins in the Nitrogen and Phosphates segments.

    By Adam Jones
  • uploads///Fertilizer Stocks for the Week Ended March
    Miscellaneous

    Fertilizer Stocks and Commodity Prices: Week Ending March 24

    The week ending March 24, 2017, was broadly negative for agricultural fertilizer stocks. The VanEck Vectors Agribusiness ETF (MOO) fell 0.98%.

    By Adam Jones
  • uploads///Chart Title
    Basic Materials

    How Sensitive Is PotashCorp’s Dividend to Potash Prices?

    In the last 12 months, PotashCorp (POT) has earned about 36% of its total sales from its Potash segment.

    By Adam Jones
  • uploads///CFs Forward PE Multiple versus Others
    Company & Industry Overviews

    Is CF Industries’ Valuation Justified?

    Valuation multiples CF Industries (CF) has performed dismally in 2016. With the stock returning -41% YTD (year-to-date), it has left some investors in an uncomfortable position. In this part, we’ll discuss CF’s valuation multiple and compare it with that of peers (IYM). Multiples trading higher Recently, the forward PE (price-to-earnings) multiples of the four major […]

    By Adam Jones
  • uploads///Agriums Next  Month EPS Estimates
    Earnings Report

    Key Takeaways from Agrium’s 2017 Earnings Estimates

    Agrium’s (AGU) earnings for 1Q17 are estimated to fall from $0.05 per share in 1Q16 to -$0.06 per share.

    By Adam Jones
  • uploads///Retail Crop Nutrient Shipments
    Basic Materials

    How Did Agrium’s Retail Shipments Perform in 2Q16?

    Agrium’s (AGU) Retail segment’s shipments declined by 0.03% to 4.84 million tons in 2Q16, down from 4.86 million tons in 2Q15.

    By Adam Jones
  • uploads///CFs Valuation Multiples versus Peers Median
    Company & Industry Overviews

    A Review of CF Industries’ March 2017 Valuation Multiples

    CF Industries’ (CF) earnings have been falling for the past five years, and it reported negative earnings in 4Q16.

    By Adam Jones
  • uploads///Agriums Gross Profit and Margins Expectations
    Earnings Report

    Will Agrium’s 1Q16 Gross Margins Weaken?

    Agrium (AGU) earns most of its revenues from its retail sales channel. However, when it comes to gross margins, the wholesale channel is more profitable.

    By Adam Jones
  • uploads///Potash Corporations Sales Declines Yet Again in Q
    Earnings Report

    PotashCorp Meets Sales Estimates in 3Q16

    PotashCorp’s 3Q16 sales PotashCorp’s (POT) business comprises the three major fertilizers—nitrogen, phosphate, and potassium (XLB). In 3Q16, the company earned about 38% [1. calculated as segment sales excluding freight, transportation and distribution costs divided by total sales excluding freight, transportation, and distribution costs] of its total sales from its Potash segment, 32% from its Nitrogen segment, and 30% from […]

    By Adam Jones
  • uploads///Potash Capacity and Operating Rate Forecast Q
    Basic Materials

    Was Uralkali’s new business strategy really Canpotex’s fault?

    Uralkali’s latest move might be considered a punishment. But also note that outside forces can create a more competitive environment.

    By Xun Yao Chen
  • uploads///Potash Consumption by Crop and Region
    Basic Materials

    Why is the end use of potash internationally diversified?

    As crops widely trade in the international market, they often converge with each other if transportation costs aren’t so high.

    By Xun Yao Chen
  • uploads///Agrium Analysts NTM Recommendation and Target
    Miscellaneous

    Wall Street’s Take on Agrium for July 2017

    Unlike PotashCorp (POT), Mosaic (MOS), and CF Industries (CF), Agrium (AGU) has a large retail business, giving the company more stability in earnings.

    By Adam Jones
  • uploads///CF Industries Analysts NTM Recommendation and Target
    Basic Materials

    Analysts’ Views on CF Industries after 2Q17 Earnings

    CF Industries (CF) reported its quarterly earnings on August 2, 2017. Its EPS was $0.10, which was in line with analysts’ consensus estimate.

    By Adam Jones
  • uploads///Chart Title
    Company & Industry Overviews

    What Are Analysts’ Recommendations for Mosaic?

    Out of the 21 analysts surveyed by Bloomberg, 36% had a “buy” rating, 50% had a “hold” rating, and only 14% had a “sell” rating on Mosaic.

    By Adam Jones
  • uploads///Potash Segment Gross Margins
    Basic Materials

    How Intrepid Potash’s Gross Margin Compares with Its Peers

    With a gross deficit, Intrepid Potash reported an adjusted net loss per share of $0.23 in 2Q16, which would also make it the fifth consecutive quarter that the company has reported a net adjusted loss.

    By Adam Jones
  • uploads/// World Urea Production Cost
    Basic Materials

    Why industry capacity changes also affect urea prices and profits

    Generally, a capacity increase tends to lag demand growth, as producers like to see a stronger market before making significant investments.

    By Xun Yao Chen
  • uploads///MAP Prices in Brazil
    Miscellaneous

    MAP Prices in Brazil Continued to Rise Last Week

    In the week ending January 20, average MAP prices in Brazil rose 2.1% to $343 per metric ton from $336 per metric ton the previous week.

    By Adam Jones
  • uploads///DAP Prices
    Basic Materials

    DAP Prices See a Mixed Week for the Week Ending August 19

    Average DAP prices in China were flat at 2,669 Chinese yuan per metric ton last week. DAP prices in Morocco remained unchanged at $340 per metric ton.

    By Adam Jones
  • uploads///Intrepid Potashs Sales Contribution by Product
    Basic Materials

    Is the Trio Segment an Answer to Intrepid’s Challenges?

    Over the years, Intrepid Potash (IPI) has shifted its business model to focus more on Trio.

    By Adam Jones
  • uploads///Cost of Goods versus Realized Price Per Ton
    Company & Industry Overviews

    Why Intrepid Potash Is the Biggest Loser among Its Peers

    In this article, we’ll compare the company’s potash cost of goods per ton to its average selling price per ton and those of other players in the market.

    By Adam Jones
  • uploads///Share Repurchase Dividends and Free Cash Flows
    Company & Industry Overviews

    A Look at Potash Corporation’s Cash Flows and Leverage

    During the first nine months of 2015, Potash Corporation’s free cash flows declined to $913 million from $1,175 million in the corresponding period in 2014. This was primarily due to a decline in potash prices.

    By Adam Jones
  • uploads///DAP Prices
    Macroeconomic Analysis

    A Look at DAP Prices and Their Continuing Climb

    The average DAP price at US Gulf NOLA for the week ended March 25 rose to $340 per metric ton ($308 per short ton) compared to $302 per metric ton ($333 per short ton) the previous week.

    By Adam Jones
  • uploads///GM
    Consumer

    Why did JANA Partners boost its position in General Motors?

    JANA Partners enhanced its position in from 0.17% to 4.23% last quarter General Motors.

    By Samantha Nielson
  • uploads///Leverage
    Company & Industry Overviews

    Why Does CF Industries Have High Leverage?

    CF Industries has resorted to leverage to fund its projects, which are expected to create more nitrogen capacity and, in turn, benefit shareholders.

    By Adam Jones
  • uploads///Phosphate Capacity Additions
    Company & Industry Overviews

    A Near-Term Outlook for Phosphate Fertilizers’ Capacity Additions

    For phosphorous fertilizers, 2018 will be the year in which the biggest capacity additions will occur, according to PotashCorp (POT).

    By Adam Jones
  • uploads///Potash Segments Average Selling Prices
    Earnings Report

    PotashCorp: Effects of Falling Potash Prices

    PotashCorp’s average potash selling price fell ~34.0% to $157 per ton in 4Q16, from $238 per ton in 4Q15. Potash prices in North America fell ~35.0%.

    By Adam Jones
  • uploads///Intrepid Potashs Performance Against the SP
    Miscellaneous

    Intrepid Potash Rose Due to Analyst Upgrade on February 13

    On February 13, Intrepid Potash (IPI) rose 15.2% and closed at $2.27 from the previous day’s close, while the S&P 500 Index closed 52 basis points higher.

    By Adam Jones
  • uploads///Nitrogen Segments Average Selling Prices
    Earnings Report

    Why Nitrogen Prices Continue to Face Pressures

    Overall, the nitrogen prices have weakened in 3Q15, falling to $319 per metric ton from $356 per metric ton in 3Q14.

    By Adam Jones
  • uploads///Analysts Recommendation for Mosaic
    Miscellaneous

    Mosaic’s Price Target and Recommendations

    On February 2, 2017, only three of the 20 analysts covering Mosaic (MOS) stock gave the company a “strong buy” to a “buy” recommendation for the next 12 months.

    By Adam Jones
  • uploads///Potash Prices
    Miscellaneous

    Are Potash Prices Beginning to Lift?

    Potash prices have fallen significantly over the years. This trend has put pressure on existing companies to justify their expansion costs.

    By Adam Jones
  • uploads///MONs Analysts Recommendation and Target Price Revision
    Miscellaneous

    Analysts’ Recommendations and Price Targets for Monsanto

    Analysts’ consensus price target for Monsanto is $122.70 per share over the next 12 months.

    By Adam Jones
  • uploads///Potash Shipments in Q
    Earnings Report

    How Potash Shipments Performed in 1Q16

    Mosaic (MOS) and PotashCorp (POT) were hit the hardest, with their respective shipments declining by 24% each to 1.5 million tons and 1.7 million tons year-over-year.

    By Adam Jones
  • Why potash stocks around the world crash as Uralkali leaves Belarus Potash Company
    Basic Materials

    Why potash stocks around the world crash as Uralkali leaves Belarus Potash Company

    Industry concentration Industry concentration is a factor that affects competition. When only a few firms occupy a large portion of the industry’s revenue, competition tends to be less, as companies try to live with each other to maintain profits. On the other hand, when there are a large number of firms vying for market share, […]

    By Xun Yao Chen
  • uploads///Mosaic Analysts NTM Recommendation and Target
    Miscellaneous

    Mosaic’s Price Target Cut to $27 following Its 1Q17 Earnings

    Much like Agrium (AGU), The Mosaic Company (MOS) had a disappointing 1Q17. Mosaic reported flat or no earnings per share (or EPS), missing analysts’ consensus estimate of $0.17.

    By Adam Jones
  • uploads///Potash MOP Average Selling Prices
    Basic Materials

    What 2017 Meant for Potash Producers

    Potash fertilizers Most of the fertilizer companies we’ve discussed in this series sell all or some of the three NPK (nitrogen, phosphorous, and potassium) macronutrients. To learn more about these macronutrients’ key role in agriculture, read Agricultural Fertilizer Industry: Your Comprehensive Overview. In this part, we’ll look at what 2017 meant for potash producers. Price trends […]

    By Adam Jones
  • uploads///Potashs Demand
    Macroeconomic Analysis

    Suffering Potash? Where It’s Headed in 2017

    For 2017, Mosaic (MOS) forecasts that global potash demand to be in the range of 61 million–63 million metric tons. This level would be higher than in 2016.

    By Adam Jones
  • uploads///Chart Title
    Earnings Report

    Analysts’ Ratings for Agrium before Its 3Q16 Results

    Analysts’ ratings So far in this series, we’ve discussed analysts’ estimates for Agrium’s (AGU) 3Q16 sales, margins, and earnings per share. While you can gauge the outlook for the company using these estimates, it’s also helpful to look at analysts’ recommendations and price targets for Agrium over the next 12 months. Ratings and price targets Overall, […]

    By Adam Jones
  • uploads///CFs Sales and Growth
    Earnings Report

    Why CF Industries’ Sales Rose in 1Q17

    For 1Q17, CF Industries’ (CF) sales rose 3% year-over-year to $1.04 billion from $1.0 billion in 1Q16.

    By Adam Jones
  • uploads///BAYR MON Opposing Themes
    Basic Materials

    Monsanto-Bayer Merger: Analyzing the Opposition

    The merger between Monsanto (MON) and Bayer is worth $66 billion. It’s one of the largest deals in the agribusiness (MOO) industry.

    By Adam Jones
  • uploads///Retail Crop Nutrient Shipments
    Earnings Report

    Agrium’s Retail Crop Nutrient Shipments Rise in 3Q16

    In 3Q16, Agrium’s Retail segment contributed 84% of total gross profit, with crop protection and crop nutrients making up the majority of segment sales.

    By Adam Jones
  • uploads///CF Industries Valuation Multiple versus Peers
    Basic Materials

    How Is CF Industries Valued prior to Its 2Q17 Earnings?

    It’s now time to look at what investors are paying for CF Industries prior to its 2Q17 earnings. Earlier, we learned that CF Industries is expected to report negative earnings per share in 2Q17.

    By Adam Jones
  • uploads///Next  Month Analysts Ratings and PriceTarget for MON
    Earnings Report

    Monsanto Pleased with Shareholders’ Approval of Bayer Merger

    Often, it’s the company that innovates the fastest that dominates the market. Monsanto’s merger with Bayer could help both companies do just that.

    By Adam Jones
  • uploads///PotashCorp Agrium Merger Timeline
    Basic Materials

    An Update on the PotashCorp-Agrium Merger

    On September 12, 2016, PotashCorp and Agrium announced their intention to combine in a merger of equals. But China and India have set conditions.

    By Adam Jones
  • uploads///Fertilizer Stocks for the Week Ended March
    Miscellaneous

    Fertilizer Stocks and Commodity Prices in the Week Ended March 10

    The week ended March 10, 2017, was broadly negative for agricultural fertilizer stocks. Israel Chemicals (ICL) emerged as the top performer, falling ~3.7% to $4.43 per share.

    By Adam Jones
  • uploads///Weekly Ammonia Spot Price at Tampa
    Macroeconomic Analysis

    Why Ammonia Prices Will Benefit Phosphate Producers

    The average price of ammonia for the week ending March 11 stood at $310 per metric ton, remaining unchanged from the previous week.

    By Adam Jones
  • uploads///CFs and TNHs YTD Performance versus Benchmarks
    Company & Industry Overviews

    Moody’s and S&P Downgrade CF Industries’ Credit Ratings

    Negative news continues to flow for CF Industries. Just when investors were hoping that it reached the bottom cycle, it was hit by credit rating downgrades.

    By Adam Jones
  • uploads///Global Capacity versus Demand Forecast
    Macroeconomic Analysis

    Short-Term and Long-Term Outlook for Potash Prices

    The supply-demand imbalance will further push down potash prices in the coming years. It will hurt companies such as PotashCorp, Mosaic, Intrepid Potash (IPI), and Agrium (AGU).

    By Adam Jones
  • uploads///KCl FOB Vancouver Spot Prices
    Miscellaneous

    How Do Recent Potash Prices Compare with Their 15-Year Average?

    The average weekly price of MOP (muriate of potash) in Vancouver remained unchanged for the week ended May 20, 2016.

    By Adam Jones
  • uploads///Henry Hub Natural Gas Spot Price
    Miscellaneous

    Analyzing Natural Gas Prices for the Week Ending April 7

    Last week, as reported by the EIA, natural gas prices at Henry Hub rose 1.3% week-over-week to $3.03 per MMBtu (million British thermal units).

    By Adam Jones
  • uploads///Potash MOP Average Selling Prices
    Company & Industry Overviews

    Potash on the Barrel: Prices for Five Major Producers

    On average, potash prices for these five producers fell ~33% YoY in 4Q16. Excess supply and weak demand added downward pressure.

    By Adam Jones
  • uploads///CF Industries Sales Growth Estimates for Q and Beyond
    Earnings Report

    CF’s 3Q16 Sales Estimate Shows a Common Trend in the Industry

    CF Industries’ (CF) sales segment includes UAN (urea ammonia nitrate), AN (ammonia nitrate), ammonia, and granular urea.

    By Adam Jones
  • uploads///Agrium versus Benchmark ETFs
    Earnings Report

    What’s in Store for Agrium’s 1Q17 Earnings?

    Agrium (AGU) is set to report its 1Q17 earnings on May 1, 2017, after the market closes.

    By Adam Jones
  • uploads///MAP Prices in Brazil
    Basic Materials

    Analyzing the MAP Prices in Brazil Last Week

    The MAP (monoammonium phosphate) prices in Brazil saw positive momentum last week. Brazil is still a favorable market for fertilizer producers.

    By Adam Jones
  • uploads///CF Industries Analyst Recommendation and Price Target
    Miscellaneous

    Analysts’ Recommendations and Price Targets for CF Industries

    On March 21, 2017, of the 18 analysts surveyed by Reuters, one had a “strong buy” recommendation on CF Industries, while five had “buy” recommendations on the company for the next 12 months.

    By Adam Jones
  • uploads///Agriums YTD Performance versus Benchmarks
    Earnings Report

    Analysts’ Estimates for Agrium in 3Q16

    Agrium (AGU) is set to announce its 3Q16 earnings on November 3, 2016, before the market opens. It will hold the earnings conference call the same day. Agrium’s performance is generally more stable than peers’.

    By Adam Jones
  • uploads///CF Industries versus Agri Business ETF
    Earnings Report

    CF Industries to Announce Its 4Q16 Earnings: What to Expect

    CF Industries (CF) is set to announce its 4Q16 earnings on February 15, 2017, with estimated earnings per share of -$0.05. In 4Q15, CF Industries reported EPS of $0.76.

    By Adam Jones
  • uploads///QEP
    Consumer

    Why does QEP Resources face activist pressure from JANA?

    In the last quarter, JANA Partners increased its position in QEP Resources to 5.34% from 2.80%.

    By Samantha Nielson
  • uploads///CFs Profitability
    Basic Materials

    How Was CF’s Profitability in 2Q17?

    During 2Q17, CF Industries’ (CF) overall gross margins fell steeply year-over-year from 46.5% to 15.3%.

    By Adam Jones
  • uploads///SMG Valuation Multiple versus Peers
    Earnings Report

    What Investors Are Paying for Scotts Miracle-Gro

    On January 25, Scotts Miracle-Gro was trading at a forward price-to-earnings multiple of 22.5x.

    By Adam Jones
  • uploads///CF Industrues Analysts NTM Recommendation and Target
    Miscellaneous

    What Are CF Industries’ Price Targets and Recommendations?

    CF Industries (CF) closed at $27.3 per share on June 9, which was 13.4% lower than its levels at the beginning of this year.

    By Adam Jones
  • uploads///PotashCorp Analyst Recommendation and Price Target
    Miscellaneous

    Analysts’ Recommendations and Price Targets for PotashCorp

    Analysts’ recommendations On March 29, 2017, of the 18 analysts surveyed by Reuters, two had “strong buy” recommendations for PotashCorp (POT), while three had “buy” recommendations for the company for the next 12 months. Meanwhile, 11 analysts had “hold” recommendations on the stock, and only two had “sell” recommendations on the stock. Peer comparison Like […]

    By Adam Jones
  • Energy & Utilities

    Why Agrium Inc. suspending capacity addition will affect other producers (Part 1)

    The importance of capacity utilization Capacity utilization measures how much of an industry’s or company’s available production output is being used. It’s based on dividing actual output by potential output. Because an industry or firm will often try to match production to demand, a rising capacity utilization rate means faster growth in demand relative to […]

    By Xun Yao Chen
  • Short term moves in natural gas has limited impact on fertilizer costs
    Basic Materials

    Short term moves in natural gas has limited impact on fertilizer costs

    Natural gas is a major input in the production of nitrogenous fertilizers, such as urea and ammonia. Therefore, when the natural gas price in the United States rises, it is a negative move for producers. Natural gas price rose on the week ending March 15th The Henry Hub Natural Gas Spot Price, a benchmark for […]

    By Xun Yao Chen
  • uploads///MAP Prices in Brazil
    Basic Materials

    No Hope for MAP Prices in Brazil: Week Ending August 18

    Last week, MAP (monoammonium phosphate) prices continued to fall and brought more pain for phosphate producers (NANR).

    By Adam Jones
  • uploads///China Demand
    Basic Materials

    How’s the Fertilizer Market in China?

    Recently, China has been moving towards a zero growth policy. The country aims to reach zero growth in using agricultural chemicals by 2020.

    By Adam Jones
  • uploads///CF Industries Analysts NTM Recommendation
    Miscellaneous

    Analysts’ Recommendations and Price Target for CF Industries

    On March 13, 2017, five of the 18 analysts covering CF Industries (CF) recommended a “strong buy” to a “buy” for the next 12 months, down from six analysts in February.

    By Adam Jones
  • uploads///MOS
    Basic Materials

    The Mosaic Company: Why MOS stock dropped on a market overreaction

    Fertilizer stocks plummeted on the heels of the announcement that Russia’s Uralkali was quitting the Belarusian Potash Company cartel. The market overreacted.

    By Samuel Madden, CFA
  • uploads///China NPK Export
    Macroeconomic Analysis

    How China’s Fertilizer Export Sector Is Changing

    China is the largest consumer of nitrogen fertilizers, but it produces most of it within its borders. Urea is Chinese farmers’ top choice.

    By Adam Jones
  • uploads///AGUs Next  Month Recommendation and Price Target
    Earnings Report

    How Does the Next 12-Month Price Target for Agrium Look?

    Out of 25 analysts surveyed, about 48% of the analysts have “buy” recommendations for Agrium. About 48% of analysts have issued “hold” recommendations and only 4% have issued “sell” recommendations.

    By Adam Jones
  • uploads///Weekly Potash Spot Prices
    Macroeconomic Analysis

    How Did Potash Prices Change throughout the World Last Week?

    The average weekly price of MOP (muriate of potash) at Vancouver has been flat since the beginning of March.

    By Adam Jones
  • uploads///Nitrogen Gross Margins in Q
    Earnings Report

    CF’s Gross Margin Plunges in 3Q16: What about Other Players?

    In 3Q16, CF Industries’ (CF) consolidated nitrogen margins plunged almost 30 basis points from 18% in the corresponding quarter a year ago.

    By Adam Jones
  • Why natural gas price affects nitrogenous fertilizer stocks (Part 1)
    Industrials

    Why natural gas price affects nitrogenous fertilizer stocks (Part 1)

    Natural gas and nitrogenous fertilizers Natural gas is a major raw material input in the production of nitrogenous fertilizers, such as urea and ammonia, ranging from 40% to 70% of cost of goods sold. A higher natural gas price increases the cost of goods sold and compresses margins. This in turn lowers earnings and free […]

    By Xun Yao Chen
  • uploads///Next  Month Analysts Ratings and PriceTarget for ICL
    Company & Industry Overviews

    Analysts Mull Israel Chemicals’s Performance over the Next 12 Months

    Out of the 14 Wall Street analysts covering Israel Chemicals (ICL), only one has a “buy” recommendation on the company, 12 have a “hold” recommendation, and only one analyst has a “sell” recommendation.

    By Adam Jones
  • uploads///Phosphate Gross Margins in Q
    Miscellaneous

    Key Players’ Phosphate Segment Margins in 1Q17

    Mosaic (MOS) continued to enjoy higher margins at 7%—compared to Agrium’s (AGU) margins at 5%. Mosaic’s margins were flat year-over-year.

    By Adam Jones
  • uploads///Next  Month Analysts Ratings and Price Target for CF
    Company & Industry Overviews

    Analysts’ Recommendations and Ratings for CF Industries

    About 56% of Wall Street analysts still have “buy” recommendations for CF Industries.

    By Adam Jones
  • uploads///Next  Month Analysts Ratings and Price Target for Mosaic
    Basic Materials

    Mosaic’s Next-12-Month Price Target after Its 2Q16 Results

    Following Mosaic’s 2Q16 earnings release, Wall Street analysts revised their next-12-month price target down to $25.48 from $25.64.

    By Adam Jones
  • uploads///CF Industries Earnings Per Share and Growth
    Earnings Report

    CF Industries Released 1Q17 Results: What Investors Should Know

    CF Industries (CF) reported its 1Q17 earnings on May 3 after the market closed. The company posted adjusted EPS (earnings per share) of $0.05, which missed analysts’ revised estimate.

    By Adam Jones
  • uploads///Fertilizer Stocks for the Week Ended December
    Basic Materials

    Fertilizer Prices Update: Week Ended December 8

    CVR Partners (UAN) emerged as the top gainer last week, rising 17.4% week-over-week to close at $3.70. CF Industries (CF) followed, rising 4.4% to close at $39.30.

    By Adam Jones
  • uploads///Potash Prices
    Basic Materials

    Were Potash Prices Positive for Producers Last Week?

    Average weekly potash prices in Vancouver fell 2% to $220 per metric ton during the week ending September 9—compared to the previous week.

    By Adam Jones
  • uploads///Phosphate Gross Margins in Q
    Company & Industry Overviews

    Why Phosphate Matters: Margins Among the Biggest Producers

    The median gross margin for these companies’ phosphate segments was 14%, as a percentage of segment sales in 4Q15.

    By Adam Jones
  • uploads///Henry Hub Natural Gas Spot Price
    Miscellaneous

    Natural Gas Prices Fell for the Week Ending April 21

    Natural gas prices trended lower week-over-week for the week ending April 24. Summer months are usually less demanding for natural gas.

    By Adam Jones
  • uploads///Fertilizer Affordability
    Miscellaneous

    Fertilizers Were More Affordable Last Week

    When crop prices are high, a farmer will likely earn more income. In a soft crop price environment, a farmer might look to cut down the cost of fertilizers.

    By Adam Jones
  • uploads///CF Industries Analyst Recommendation and Price Target
    Miscellaneous

    Analysts Revise CF Industries’ Price Target

    With the latest available recommendations on April 26, 11 analysts—the majority— had a “hold” recommendation on CF Industries.

    By Adam Jones
  • uploads///KCl FOB Vancouver Spot Prices
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  • Mosaic and CF Industries could be severely undervalued (Part 2)
    Basic Materials

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    Back to Part 1 Share of market cap While $3.7 billion and $2.7 billion of cash may not seem like a lot compared to Apple’s ~$150 billion, it’s crucial for investors not to get distracted by the absolute amount. What’s important for investors is knowing how much “excess cash” they’re receiving based on how much […]

    By Xun Yao Chen
  • uploads///AGUs Next  Month Recommendation and Price Target
    Earnings Report

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  • uploads///Global Potash Demand Forecast
    Company & Industry Overviews

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  • uploads///Grain price and Urea
    Basic Materials

    2 key things that set the floor and ceiling for urea prices

    Without an understanding of factors that affect crop prices, it would be difficult to formulate a view on future crop prices and demand for nitrogenous fertilizers.

    By Xun Yao Chen
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