SPDR S&P® North American Natural Res ETF

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  • uploads///aluminum part  long term
    Company & Industry Overviews

    What Are the Long-Term and Short-Term Outlooks for Aluminum?

    In the long term, aluminum demand looks strong globally as well as in China. Moreover, aluminum has been able to find new uses, especially in the automotive sector.

    By Mohit Oberoi, CFA
  • 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///CF Industries Next  Month Capital Expenditure Estimates
    Basic Materials

    Capital Expenditure Expectations for CF Industries in 2Q17

    CF Industries (CF) is expected to see a significant reduction in its capital expenditure (or capex) year-over-year (or YoY) in 2Q17 and for the next four quarters.

    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
  • uploads///MAP Prices
    Basic Materials

    MAP Prices Inch Higher for the Week Ended February 23

    Last week, MAP prices in both the locations rose on a weekly basis.

    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///Fertilizer Affordability
    Miscellaneous

    Fertilizers Were Affordable for the Week Ending June 23

    According to the Fertilizer Affordability Index, 2017 has been one of the most affordable years for fertilizers. Mosaic issues the index.

    By Adam Jones
  • uploads///CF Industries Adjusted EPS and Stock Price
    Basic Materials

    CF Industries: A Good Fit for Top 10 Agricultural Chemicals List?

    Over the past ten-year period, CF Industries has risen 186.0% and significantly outperformed the S&P 500 Index’s rise of 69.2% over the same period.

    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///MAP Prices in Brazil
    Miscellaneous

    Fertilizers Were More Affordable in Week Ended November 25

    For the week ending November 25, fertilizer affordability fell to 0.65x from 0.66x week-over-week.

    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///Potash Corporations Earnings Growth to Decline
    Earnings Report

    History’s Not on POT’s Side when It Comes to Earnings Growth

    When we look at the past five quarters, we see that PotashCorp has missed all its earnings estimates.

    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///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///Fertilizer Affordability
    Miscellaneous

    Fertilizers Were Less Affordable Last Week

    Last week, fertilizer affordability rose to 0.66x from 0.65x week-over-week. A ratio below one means that fertilizers are more affordable than during the base year.

    By Adam Jones
  • uploads///Global Phosphate Supply Demand Forecast
    Basic Materials

    What’s the Outlook on Phosphate Fertilizers?

    In its September Market Overview report, PotashCorp (POT) stated that the gains in phosphate prices earlier this year were reversed due to excess supply and weakness in demand from India.

    By Adam Jones
  • uploads///Fertilizer Affordability
    Miscellaneous

    Why the Fertilizer Affordability Index Was Lower Last Week

    The Fertilizer Affordability Index has shown a downward trend since the beginning of the year. Fertilizers have become more affordable in 2017.

    By Adam Jones
  • 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///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///Fertilizer Affordability
    Miscellaneous

    Fertilizer Affordability Fell for the Week Ending April 28

    For the week ending April 28, the Fertilizer Affordability Index fell slightly to 0.58x—compared to 0.59x the previous week.

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

    How Subdued Potash Prices Have Extended to Potash Players

    The weekly average price for potash in Vancouver remained flat in the week ended June 24, 2016. Prices are below their 15-year average of $290 per metric ton.

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

    Analysts’ Recommendations and Price Target for SQM

    Sociedad Química y Minera de Chile (SQM) has yet to announce its earnings, unlike most of the companies we’ve discussed so far in this series.

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

    How MAP Prices Performed Last Week

    MAP (monoammonium phosphate) prices in Brazil have been on the rise lately from a low point of $343 per metric ton as a result of strong agricultural activity in the region.

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

    What Analysts Recommend for Intrepid Potash ahead of 3Q16 Earnings

    Intrepid Potash (IPI) is nearing $1 per share, which means that only a few analysts are covering the stock.

    By Adam Jones
  • uploads///PART
    Basic Materials

    The Love-Hate Relationship between Freeport and Indonesia

    According to Freeport-McMoRan’s agreement with Indonesia’s government, it must divest an additional 20.6% stake in its Indonesian operations to the government or its citizens.

    By Mohit Oberoi, CFA
  • uploads///KCl FOB Vancouver Spot Prices
    Miscellaneous

    Why Potash Prices Remain a Concern for Fertilizer Producers

    The average weekly price of MOP (muriate of potash) in Vancouver remained unchanged for the week ended May 27, 2016.

    By Adam Jones
  • uploads///Fertilizer Affordability
    Miscellaneous

    Fertilizer Affordability Didn’t Change Last Week

    Last week, the Fertilizer Affordability Index remained unchanged at 0.65x week-over-week. Fertilizers are more affordable than during the base year.

    By Adam Jones
  • uploads///Markets Sentiment
    Company & Industry Overviews

    What’s the Recent Market Sentiment for MON, POT, AGU, and Others?

    As of October 14, 2016, Monsanto is trading at a short interest ratio of 1.2%, which is slightly higher than 0.90% in September.

    By Adam Jones
  • uploads///Fertilizer Affordability
    Basic Materials

    Are Fertilizers Becoming Less Affordable?

    Fertilizer affordability affects sales volume for fertilizer companies (NANR) such as Mosaic (MOS), Nutrien (NTR), CF Industries (CF), and Intrepid Potash (IPI).

    By Adam Jones
  • uploads///Ammonia Prices
    Miscellaneous

    How Prices of Ammonia Moved in the Week Ending April 22

    In the week ending April 22, 2016, ammonia prices in Tampa CFR (Cost and Freight) continued to move sideways for the 13th straight week.

    By Adam Jones
  • uploads///Monsantos Next Four Quarters EBITDA Estimates
    Basic Materials

    What Analysts Expect for Monsanto’s Earnings Margins

    Expectations for 4Q17 Earlier in this series, we saw that analysts expect Monsanto’s (MON) gross income to grow slower than its sales over the next four quarters. In this part, we’ll look at what analysts expect for the company’s operating cost structure in 4Q17. Monsanto’s earnings In 4Q17, analysts expect Monsanto’s EBITDA (earnings before interest, tax, depreciation, and amortization) […]

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

    Potash Prices Recorded Strong Gains Last Week

    Potash prices in Brazil rose the most last week with a rise of 2.3% to $357 per metric ton from $349 per metric ton.

    By Adam Jones
  • uploads///NTR Analysts NTM Recommendations and Targets
    Basic Materials

    Consensus Gives Nutrien a Double-Digit Upside

    Nutrien has yet to deliver meaningful returns similar to fertilizer (NANR) companies such as the Mosaic Company (MOS) and CF Industries (CF).

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

    Natural Gas Prices Fell Last Week, Benefiting Nitrogen Producers

    We’re looking at natural gas prices in this series, primarily because they make up two-thirds of the input costs for nitrogen-based fertilizers.

    By Adam Jones
  • uploads///Fertilizer Affordability
    Basic Materials

    How Fertilizer Affordability Changed in Week Ended August 10

    Fertilizer affordability last week, which ended on August 10, was largely unchanged, as reported by Mosaic (MOS).

    By Adam Jones
  • uploads///Phosphate Estimates
    Basic Materials

    Expectations for Global Potash Fertilizer Demand

    The potash market was no different than nitrogen and phosphate. Potash prices were depressed due to oversupply.

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

    Potash Prices Rose in Week Ended June 29

    Last week, potash prices in the NOLA (New Orleans) region of the United States rose 1.6% week-over-week to $235 per metric ton.

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

    How DAP Prices Performed Last Week

    Year-over-year, DAP prices remain strong with NOLA and China each experiencing a 21% gain year-over-year.

    By Adam Jones
  • uploads///MAP Prices
    Miscellaneous

    MAP Prices Were Broadly Higher Last Week

    Contrary to the DAP (diammonium phosphate) prices, which remained broadly flat last week, MAP (monoammonium phosphate) prices were broadly higher in NOLA and Brazil.

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

    A Peek at Potash Prices Last Week

    Last week, potash prices were broadly flat to positive, similar to phosphate fertilizer prices.

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

    How DAP Prices Performed for the Week Ended April 20

    Last week, prices for DAP (diammonium phosphate) fertilizer were broadly flat to positive except for Morocco.

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

    How Diammonium Phosphate Prices Fared Last Week

    In the week that ended on April 13, 2018, DAP (diammonium phosphate) prices were broadly flat to negative.

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

    How MAP Prices Moved Last Week

    One of the positives for companies such as Mosaic (MOS), Nutrien (NTR) (POT), and CF Industries (CF) is the higher year-over-year prices that we’ve seen for fertilizers.

    By Adam Jones
  • uploads///Fertilizer Affordability
    Basic Materials

    Fertilizers Remained Affordable Last Week

    The Fertilizer Affordability Index rose slightly to 0.67x last week from 0.66x a week ago. The index level stood at 0.7x a month ago and 0.61x a year ago.

    By Adam Jones
  • uploads///Phosphate Gross Margins in Q
    Basic Materials

    How Fertilizer Producers’ Phosphate Margins Stacked Up in 4Q17

    Agrium (AGU) (NTR) saw flat margins compared to 6% in the corresponding quarter a year ago in 4Q16.

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

    Potash Prices Trend Upwards in the 1st Week of 2018

    The potash fertilizer prices for both granular and standard grade were comfortably higher compared to the levels observed last year around the same week.

    By Adam Jones
  • uploads///Shipment Volume Contribution by Segments
    Basic Materials

    Assessing the Shift in CF Industries’ Product Mix

    In the earlier part of this series, we discussed how shipments impacted CF Industries’ (CF) sales. From our analysis, it’s clear that a rise in selling prices remains the most important growth catalyst for the company.

    By Adam Jones
  • uploads///Lower Cost of Production to Improve Margins
    Basic Materials

    Phosphate Prices in 2018

    Phosphate prices Earlier in this series, we discussed phosphate prices in 2017 and what has driven prices down recently. We saw that excess capacity pushed down phosphate fertilizer (NANR) prices during the year. In this part, we’ll look at supply and demand trends for phosphate fertilizers in 2018. Supply and demand In 2017, overall global […]

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

    MAP Prices Remained Strong in Week Ended December 15

    MAP (monoammonium phosphate) prices have shown strength in recent weeks, moving higher to peak at $ $403 per metric ton in Brazil.

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

    How DAP Prices Performed in Week Ended December 8

    Last week, which ended December 8, 2017, was broadly mixed for movements in DAP (diammonium phosphate) prices. Some regions saw weekly gains, and others moved sideways to negative.

    By Adam Jones
  • uploads///Monsanto and Bayers Stock Movements Since
    Basic Materials

    The Bayer-Monsanto Merger Deal: An Update

    On September 14, 2016, Bayer signed an agreement with Monsanto (MON) to acquire it for $66 billion, or $128 per share. The offer represented a 44% premium over Monsanto’s stock price.

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

    Your Potash Price Update for the Week Ending November 24

    Last week, the granular MOP (muriate of potash) prices in NOLA (New Orleans) in the US (NANR) rose by as much as 45 basis points week-over-week to $203 per metric ton.

    By Adam Jones
  • uploads///Average Realized Prices For Urea Ammonia and UAN
    Basic Materials

    Why Nitrogen Fertilizer Prices Fell in 3Q17

    On average, nitrogen fertilizer prices failed to show a meaningful growth YoY (year-over-year) in 3Q17.

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

    MAP Prices Were Firm for the Week Ending September 15

    In recent months, MAP prices in Brazil have been on a downward trajectory. However, MAP prices appear to have found firmness in recent weeks.

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

    Inside the Potash Margins of 5 Major Fertilizer Companies

    Given the growth in potash shipments and the increase in price realization, it’s natural that the margins of potash producers improved YoY in 2Q17.

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

    IPI’s Potash Segment’s Price Realization Rose 22% in 2Q17

    Intrepid Potash’s 2Q17 price realizations for its Potash segment were significantly better compared to 2Q16.

    By Adam Jones
  • uploads///PotashCorps Phosphate Shipments
    Basic Materials

    Shipments for PotashCorp’s Phosphate Segment See Strong Growth

    PotashCorp’s (POT) phosphate segment contributed almost a fourth of overall sales for 2Q17. Sales were driven by shipments and price realizations.

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

    Will PotashCorp Report Flat Earnings Growth in 2Q17?

    PotashCorp (POT) had lackluster earnings growth last year. However, the company reported EPS (earnings per share) growth in 1Q17.

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

    Wall Street Recommendations and Price Target for Mosaic

    Mosaic (MOS) remains a painful investment for investors. The company has delivered losses of 18.7% year-to-date as of July 13.

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

    Where Intrepid’s Potash Segment Margin Stands next to Peers

    Intrepid Potash’s (IPI) gross margin for its Potash segment swung to positive territory in 1Q17, while its Trio margins were in the negative territory.

    By Adam Jones
  • uploads///CFs Margins
    Company & Industry Overviews

    A Review of CF Industries’ Margin Trends

    Over the past five years, CF Industries’ (CF) gross and EBITDA (earnings before interest, tax, depreciation, and amortization) margins have contracted.

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

    Monsanto’s Price Targets and Recommendations in June 2017

    On June 9, Monsanto (MON) stock closed at $117.5 per share.

    By Adam Jones
  • uploads///TARGETS
    Miscellaneous

    Analyst Recommendations for Anadarko Petroleum after 1Q17

    Approximately 83.0% of analysts have rated Anadarko Petroleum (APC) a “buy.” The average broker target price is $81.52.

    By Keisha Bandz
  • uploads///Phosphate Segments Average Selling Prices
    Earnings Report

    Understanding PotashCorp’s Phosphate Price Dive in 1Q17

    PotashCorp’s average realized prices for phosphate fell ~15% to $423 per ton in 1Q17, as compared to $499 per ton in 1Q16.

    By Adam Jones
  • uploads///TARGETS
    Miscellaneous

    What Are Analysts’ Recommendations for Noble Energy?

    Approximately 53% of the analysts rate Noble Energy (NBL) as a “buy” and 32.3% rate it as a “hold.” The average broker target price is $47.47.

    By Keisha Bandz
  • uploads///PotashCorp Next  Month Capital Expenditure Estimates
    Earnings Report

    What Analysts Forecast for PotashCorp’s Capital Expenditure

    In recent years, agricultural fertilizer companies like PotashCorp (POT), Agrium (AGU), Israel Chemicals (ICL), and CF Industries (CF) have incurred higher capital expenditures.

    By Adam Jones
  • uploads///Global Monthly Urea Prices Per Ton for
    Company & Industry Overviews

    Urea Cost Curve Steepens: What It Means for CF Industries

    Urea prices have fallen by an average of 14% annually over the past five years. The consistent fall has been due to falling energy costs, leading to lower production costs across the board.

    By Adam Jones
  • uploads///TARGETS
    Miscellaneous

    What Analysts Recommend for Noble Energy after Its Earnings

    Approximately 67.0% of the analysts rate Noble Energy (NBL) as a “buy” and 33.0% rate it as a “hold.” The average broker target price is $46.88.

    By Keisha Bandz
  • uploads///ANR
    Miscellaneous

    What Analysts Recommend for Anadarko after Its 4Q16 Earnings

    The average broker target price of $81.65 for Anadarko Petroleum implies a potential return of ~19.4% for the stock in the next 12 months.

    By Keisha Bandz
  • uploads///PotashCorps Phosphate Shipments
    Earnings Report

    How PotashCorp’s Phosphate Shipments Performed in 4Q16

    Overall shipments for PotashCorp’s Phosphate segment fell 6.0% in 4Q16 to 0.72 million tons, from $0.76 million tons in 4Q15.

    By Adam Jones
  • uploads///ANR
    Miscellaneous

    What Are Analysts’ Recommendations and Forecasts for NBL?

    For 4Q16, analysts have an average earnings estimate of -$0.10 per share for Noble Energy (NBL). The low estimate stands at ~-$0.22 per share.

    By Keisha Bandz
  • uploads///PotashCorp Valuation Multiple versus Peers
    Earnings Report

    Comparing PotashCorp’s Enterprise Multiple with Its Peers

    PotashCorp (POT), which is currently trading at an EV-t0-EBITDA multiple of 15.0x, is trading far above its low point of 6.0x a year ago.

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

    A Look at Nitrogen Fertilizer Cost Drivers and Production Flow

    Energy as well as freight and handling can be the two biggest costs for nitrogen fertilizer production.

    By Adam Jones
  • uploads///Operating Margins for Monsanto
    Earnings Report

    Why Monsanto’s Operating Margins Improved in 1Q17

    Monsanto reported operating income or EBIT of $247 million, which rose from -$272 million in fiscal 1Q16.

    By Adam Jones
  • uploads///Global Soybean Stock to Use Ratio
    Miscellaneous

    Inside the Soybean Inventory Rise in December

    The global soybean stock-to-use ratio for soybeans rose to ~25.1% in December 2016, as compared to 24.8% in November 2016.

    By Adam Jones
  • uploads///Monsantos Next Four Quarters EPS Estimates
    Earnings Report

    Can Monsanto Report Earnings Growth in Fiscal 1Q17?

    For 2017, Wall Street analysts are estimating that Monsanto (MON) could report EPS of $4.70, which would translate into earnings growth of 5.3% year-over-year.

    By Adam Jones
  • uploads///MONs YTD Performence versus Benchmark
    Company & Industry Overviews

    At What Valuation Is the Market Investing in Monsanto?

    Monsanto’s (MON) forward PE valuation multiple has recently trended higher, and so has the price of its stock.

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

    What Were Potash Companies’ 3Q16 Realized Prices?

    Potash’s selling price has been on the decline for the last few quarters and is key to the performances of potash producers (NANR).

    By Adam Jones
  • uploads///Global Soybean Stock to Use Ratio
    Miscellaneous

    Soybean’s Stock-to-Use Ratio Rose with the Inventory

    Unlike corn, the global soybean stock-to-use ratio is lower compared to the global stock-to-use ratio of 26.5% last year.

    By Adam Jones
  • uploads///ANR
    Earnings Report

    What Do Analysts Recommend for Anadarko Petroleum?

    Approximately 73% of the analysts rate Anadarko a “buy,” 22% rate it a “hold,” and 5% rate it a “sell.” The average broker target price is $72.52.

    By Keisha Bandz
  • uploads///Phosphate Segments Shipments
    Earnings Report

    Mosaic’s Phosphate Shipments Will Likely Rise

    The Phosphate segment’s shipments rose 23% to ~2.5 million tons from ~2 million tons in 3Q15—compared to guidance of 2.4 million–2.7 million tons.

    By Adam Jones
  • uploads///Coal versus Natural Gas Prices
    Miscellaneous

    Fertilizer Update: Are Market Dynamics Changing?

    Producers in China primarily use coal as an input material to produce nitrogen, especially urea-based fertilizers. China is the world’s biggest urea exporter.

    By Adam Jones
  • uploads///IV
    Earnings Report

    What Analysts Recommend for Hess after 3Q16 Earnings

    About 42% of analysts rate Hess a “buy,” and ~58% rate it a “hold.” The average target price of $64.89 implies a return of ~29% in the next 12 months.

    By Keisha Bandz
  • uploads///Global Soybean Stock to Use Ratio
    Miscellaneous

    Soybean’s Stock-to-Use Ratio Rose in October

    The global stock-to-use ratio for soybeans rose 1.6% to ~23.5% in October—compared to 22% in September. Soybean’s ratio is lower than last year.

    By Adam Jones
  • uploads///Global Monthly Urea Prices Per Ton for  versus
    Company & Industry Overviews

    Cost Curves 101: What Nitrogen Investors Must Consider

    Demystifying the cost curve Earlier in this series, we saw that prices of nitrogen have fallen over the years, despite its significance in crop growth and feeding the vast population. The lower prices are due to a flatter cost curve, which we’ll explain in this part. Flat cost curve In the chart above, we compare a […]

    By Adam Jones
  • uploads///Coal versus Natural Gas Prices
    Miscellaneous

    Coal Prices Remained Flat for the Week Ending October 7

    Chinese producers primarily use coal to produce nitrogen, especially urea-based fertilizers, while producers in North America mostly rely on natural gas.

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

    Why Corn Prices Are Still Declining in September

    Corn prices on September 12 were 1.6% higher at $3.30 per bushel compared to $3.20 per bushel in August 2016.

    By Adam Jones
  • uploads///Part  Graph
    Basic Materials

    Where Do FMC’s Valuations Stand after Its 2Q16 Earnings?

    Forward price-to-earnings (or PE) is a relative valuation method that considers a company’s future earnings for calculation.

    By Peter Neil
  • uploads///Mosaics Phosphate Gross Margins
    Basic Materials

    Why Have Mosaic’s Potash Shipments Declined?

    The gross margin rate for Mosaic’s Phosphate segment fell significantly in 2Q16, to 10% from 21% in 2Q15.

    By Adam Jones
  • uploads///ANR
    Earnings Report

    What Analysts Recommend for Noble Energy after Its 2Q16 Earnings

    Approximately 63% of analysts rate Noble Energy (NBL) a “buy,” and 34% rate it a “hold.” The remaining ~3% rate it a “sell.”

    By Keisha Bandz
  • uploads///ANR
    Earnings Report

    What Analysts Recommend for EQT after 2Q16 Earnings

    Approximately 65% of analysts rate EQT (EQT) a “buy,” and 30% rate it a “hold.” The remaining 5% rate it a “sell.”

    By Keisha Bandz
  • uploads///ANR
    Earnings Report

    What Do Analysts Recommend for Anadarko after Its 2Q16 Earnings?

    Approximately 73% of analysts rate Anadarko a “buy,” whereas 22% rate it a “hold,” and 5% rate it a “sell.” The average broker target price is $66.50.

    By Keisha Bandz
  • uploads///MAP Prices in Brazil
    Miscellaneous

    Are MAP Prices Consolidating at Their Current Levels?

    MAP (monoammonium phosphate) is the second most used phosphate fertilizer after DAP (diammonium phosphate).

    By Adam Jones
  • uploads///Global Soybean Stock To Use Ratio
    Miscellaneous

    What Could Explain Soybeans’ Low Stock-to-Use Ratio?

    In June 2016, the global soybean stock-to-use ratio stood at 20.2%, which was at its lowest point compared to the past four years.

    By Adam Jones
  • uploads///Israel Chemicals Leads in Phosphate Shipments
    Earnings Report

    How Phosphate Shipments Performed in 1Q16

    Israel Chemicals, which shipped 0.5 million metric tons during the recent quarter, saw the largest jump in shipment growth—20% year-over-year.

    By Adam Jones
  • uploads///MAP Prices in Brazil
    Miscellaneous

    How Did MAP Price Movement Affect Fertilizer Producers?

    Last week, average MAP prices in Brazil inched down to $352 per metric ton from $354 per metric ton the previous week.

    By Adam Jones
  • uploads///Adjusted EBITDA and Margins
    Earnings Report

    How Fertilizer Producers’ EBITDA Margins Compared in 1Q16

    Mosaic’s (MOS) margins declined from 25% to 16%. Intrepid Potash’s (IPI) EBITDA margins were negative because of a deficit.

    By Adam Jones
  • uploads///Gross Profits and Margins
    Earnings Report

    How Fertilizer Companies’ Gross Margins Were Pressured in 1Q16

    The fertilizer industry moves in cycles and with most companies experiencing a decline in margins, the industry seems to be in the bottom cycle.

    By Adam Jones
  • uploads///Fertilizer Companies YTD Performance
    Earnings Report

    Comps Happen: How Fertilizer Companies Performed during 1Q16

    The agricultural fertilizer industry is experiencing sluggish momentum as a result of the weakness in crop prices that has extended well into 2016. With the earnings season for the quarter ended March 2016 behind us, let’s recap the industry’s performance and compare the companies within the industry.

    By Adam Jones
  • uploads///Ammonia Prices
    Miscellaneous

    How Did Ammonia Prices Move Last Week?

    Last week, nitrogen producers CF Industries (CF), CVR Partners (UAN), Terra Nitrogen (TNH), and PotashCorp (POT) ended in the red.

    By Adam Jones
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