Deere running in South America
John Deere (DE, quote) reported a solid beat ($1.65 vs. $1.40 consensus) in fiscal Q1 while raising its outlook on FY 2013. The agriculture and turf business is better than expected, and will continue...
View ArticleVale suspends major potash project: Implications for all players
Brazil’s Vale (VALE, quote) never one to shy away from a chance to waste some capital, has decided to scuttle one of the major potash projects in the world. Vale headquarters, Brazil The $6billion Rio...
View ArticlePotash is the big story today – Russians behind it as Uralkali to end cartel
Uralkali (URALL, quote), the largest producer of potash in the world is exiting a marketing venture with Belarus’ BPC signaling that they will sell what they want, when they want at whatever price they...
View ArticlePotash Prices On The Rise
As I tweeted yesterday (@timseymour) Potash prices are moving higher as Canpotex and Russia’s Uralkali (URALL, quote) say they won’t support potash prices below $300/t in Asia. Uralkali potash mining...
View ArticlePotash Fall: An Opportunity?
Potash is -4% on the open after reporting 4Q numbers that missed by a penny but more importantly were accompanied by a 2014 forecast that substantially trailed estimates. Potash Corp. (POT, quote)...
View ArticlePotash Update – Adding to Position
We continue to favor fertilizer space on recovering demand – and the old adage, “you can delay but you can’t deny fertilizer applications.” Some interesting developments are taking place on the...
View ArticleSome Perspective On Commodities
Yeah we know that commodities are suffering with a Strong U.S. Dollar, no China bid, oversupply… Tell me what I don’t know. The CRB is another -1.4% today with Brent (BNO, quote) -4.5%, Copper (JJC,...
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