Barclays on North American Fertilizers and Agriculture: The Korn Crop
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Rating Summary:
14 Buy, 13 Hold, 2 Sell
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Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
14 Buy, 13 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Barclays on North American Fertilizers and Agriculture: The Korn Crop
Analyst, Matthew J. Korn, believes that stocks in this sector can move significantly on interpretations of news/data flow week-to-week and month-to-month (citing developments in demand, pricing, trading, and corporate activity.
Over the past week, Barclays has heard more chatter on the level of discourse between Agrium (NYSE: AGU) and Jana Partners.
BHP (NYSE: BHP): debate on its proposed Jansen potash mine will continue and as long as the market sees construction as possible, it will remain an overhang on shares of potash producers.
EPA buys more time (until after elections) by starting a formal process for public comments on the need for suspending the U.S. ethanol mandate given high corn prices.
Ammonia prices have trended slightly upward, supported by expected production outages and natural gas curtailments in the FSU and Trinidad, respectively. Urea has been weaker, as low Chinese domestic demand weighs on international pricing.
Stocks of Note: Potash Corp. (NYSE: POT), Mosaic (NYSE: MOS), Monsanto (NYSE: MON), LyondellBasell (NYSE: LYB), and KMG Chemicals (NYSE: KMG)
Analyst, Matthew J. Korn, believes that stocks in this sector can move significantly on interpretations of news/data flow week-to-week and month-to-month (citing developments in demand, pricing, trading, and corporate activity.
Over the past week, Barclays has heard more chatter on the level of discourse between Agrium (NYSE: AGU) and Jana Partners.
BHP (NYSE: BHP): debate on its proposed Jansen potash mine will continue and as long as the market sees construction as possible, it will remain an overhang on shares of potash producers.
EPA buys more time (until after elections) by starting a formal process for public comments on the need for suspending the U.S. ethanol mandate given high corn prices.
Ammonia prices have trended slightly upward, supported by expected production outages and natural gas curtailments in the FSU and Trinidad, respectively. Urea has been weaker, as low Chinese domestic demand weighs on international pricing.
Stocks of Note: Potash Corp. (NYSE: POT), Mosaic (NYSE: MOS), Monsanto (NYSE: MON), LyondellBasell (NYSE: LYB), and KMG Chemicals (NYSE: KMG)
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