Dow Chemical (NYSE:DOW), Intrepid Potash (NYSE:IPI), Terra Nitrogen Company, L.P. (NYSE:TNH) and Agrium (NYSE:AGU) traded down Friday, with the exception of Agrium, as a down week for major crops pressured the sector.
Corn and wheat finished down last week while soybeans were almost unchanged. A bearish USDA report weighed on the grains. Eventually the weather, flooding of the Mississippi and lack of activity in the fields will probably push up the prices of grains in the weeks ahead.
Corn futures for July-delivery climbed 6.5 cents, or 1 percent, to $6.87 a bushel on the Chicago Board of Trade. The price was down a little last week after dropping by the limit of 30 cents on May 11 when a U.S. report saidinventories will be largger than analysts estimated.
Wheat for July delivery gained 8.5 cents, or 1.2 percent, to $7.44 a bushel in Chicago. The contract fell 2 percent last week, the third straight week of losses, after the government projected stockpiles in 2012 to be higher than expected.
Soybeans for July delivery rose 9 cents, or 0.7 percent, to $13.5175 a bushel in Chicago after gaining 0.8 percent Thursday. The oilseed was up slightly on the aguweek, gaining 1.9 percent.
Agrium (AGU) closed Friday at $80.43, gaining $1.31, or 1.53 percent.
Showing posts with label Terra Nitrogen. Show all posts
Showing posts with label Terra Nitrogen. Show all posts
Monday, May 16, 2011
Monday, May 9, 2011
Big Movers (TNH) (CF) (OYOG) (JOBS) (LXU) on May 6
Among the big, positive movers on Friday, May 6, were Terra Nitrogen (TNH), CF Industries (CF), Oyo Geospace Corp. (OYOG), 51Job (JOBS) and LSB Industries Inc. (LXU).
Terra Nitrogen (TNH) was the top mover in positive territory on Friday, May 6, jumping $9.39 to close at $118.10, a gain of 8.64 percent.
Cf Industries (CF) was up $8.57 on the day to close at $137.82, a gain of 6.63 percent.
Oyo Geospace Corp. (OYOG) climbed $8.13 to close at $95.18, a gain of 9.34 percent.
51Job (JOBS) rose $7.14 to close at $63.69, a gain of 12.63 percent.
LSB Industries Inc. (LXU) jumped $6.43 to end the day at $43.52, a gain of 17.34 percent.
Terra Nitrogen (TNH) was the top mover in positive territory on Friday, May 6, jumping $9.39 to close at $118.10, a gain of 8.64 percent.
Cf Industries (CF) was up $8.57 on the day to close at $137.82, a gain of 6.63 percent.
Oyo Geospace Corp. (OYOG) climbed $8.13 to close at $95.18, a gain of 9.34 percent.
51Job (JOBS) rose $7.14 to close at $63.69, a gain of 12.63 percent.
LSB Industries Inc. (LXU) jumped $6.43 to end the day at $43.52, a gain of 17.34 percent.
Thursday, May 5, 2011
CF Industries (CF) (IPI) (TNH) (AGU) Trade Down as Wheat, Soybeans Plunge
Fertilizer companies CF Industries (NYSE:CF), Intrepid Potash (NYSE:IPI), Terra Nitrogen Company, L.P. (NYSE:TNH) and Agrium (NYSE:AGU) were under pressure Wednesday, closing down on the day as wheat and soybean prices plummeted. Corn prices were able to generate a gain on the day.
In July agriculture contracts, wheat was down 21.25 cents to settle at $7.72 a bushel. Soybeans dropped 11.75 cents to settle at $13.52 a bushel.
Corn climbed 5.75 cents to settle at $7.295 a bushel.
Wheat and corn are expected to jump by about 5 cents to 10 cents over the next couple of days.
Companies supplying fertilizer will usually move in unison with the direction crop prices are going, as it is an indicator of the level farmers will spend on inputs.
Agrium (AGU) closed Wednesday at $84.02, falling $3.75, or 4.27 percent.
In July agriculture contracts, wheat was down 21.25 cents to settle at $7.72 a bushel. Soybeans dropped 11.75 cents to settle at $13.52 a bushel.
Corn climbed 5.75 cents to settle at $7.295 a bushel.
Wheat and corn are expected to jump by about 5 cents to 10 cents over the next couple of days.
Companies supplying fertilizer will usually move in unison with the direction crop prices are going, as it is an indicator of the level farmers will spend on inputs.
Agrium (AGU) closed Wednesday at $84.02, falling $3.75, or 4.27 percent.
Monday, May 2, 2011
Deere (DE) (TNH) (AGU) (DE) (AGCO) Driven by Wheat, Corn Profits
Wheat and corn prices continue to drive the profits of farmers up, resulting in capex from them toward companies like Terra Nitrogen Company, L.P. (NYSE:TNH), Agrium (NYSE:AGU), Deere & Co. (NYSE:DE) and Agco (NYSE:AGCO) driven up by wheat, corn profits.
How quickly the griping from farmers has subsided since the worst of the recession when they were complaining about high input costs.
The U.S. will control 28 percent of global wheat exports in 2011, an increase from 18 percent in 2010, according to the U.S. Department of Agriculture. With prices averaging about $8 a bushel this quarter and the next, the highest levels in three years, farms will earn approximately $94.7 billion, according to analysts’ forecasts compiled by Bloomberg and an estimate from the USDA.
Other considerations for investors to consider is how this will impact shipping. Expectations are shipping lines won't benefit much from the increase in production because the U.S. is replacing lost supply from Russia and Ukraine.
Domestically it could help those companies shipping within borders, as it could offer some major boosts in that regard.
How quickly the griping from farmers has subsided since the worst of the recession when they were complaining about high input costs.
The U.S. will control 28 percent of global wheat exports in 2011, an increase from 18 percent in 2010, according to the U.S. Department of Agriculture. With prices averaging about $8 a bushel this quarter and the next, the highest levels in three years, farms will earn approximately $94.7 billion, according to analysts’ forecasts compiled by Bloomberg and an estimate from the USDA.
Other considerations for investors to consider is how this will impact shipping. Expectations are shipping lines won't benefit much from the increase in production because the U.S. is replacing lost supply from Russia and Ukraine.
Domestically it could help those companies shipping within borders, as it could offer some major boosts in that regard.
Friday, April 29, 2011
Potash (POT) (SMG) (IPI) (TNH) (MON) Down on Wheat, Corn Oversupply Fears
Potash Corp (NYSE:POT), Scotts Miracle-Gro (NYSE:SMG), Intrepid Potash (NYSE:IPI), Terra Nitrogen Company, L.P. (NYSE:TNH), Monsanto (NYSE:MON) close down Thursday on wheat, corn oversupply concerns.
A growing concern there could be a glut of wheat and corn on the market pushed down the shares of fertilizer and agriculture stocks Thursday.
"Although there have been muted concerns about the development of wheat crops in the Black Sea region, the trade is concerned that Russia and the Ukraine will be offering new crop wheat to the global market," said a Benson Quinn Commodities note.
The Ukraine also removes its corn export quota this week.
The weaker U.S. dollar wasn't enough to stem the losses Thursday. The U.S. dollar index fell 0.4% to $73.05.
Wheat for July delivery fell 2.6 percent to $7.90 3/4 a bushel. Wheat was one of the biggest commodity laggards Tuesday. Meanwhile, corn for July delivery was down 1.2 percent to $7.50¼ a bushel.
A growing concern there could be a glut of wheat and corn on the market pushed down the shares of fertilizer and agriculture stocks Thursday.
"Although there have been muted concerns about the development of wheat crops in the Black Sea region, the trade is concerned that Russia and the Ukraine will be offering new crop wheat to the global market," said a Benson Quinn Commodities note.
The Ukraine also removes its corn export quota this week.
The weaker U.S. dollar wasn't enough to stem the losses Thursday. The U.S. dollar index fell 0.4% to $73.05.
Wheat for July delivery fell 2.6 percent to $7.90 3/4 a bushel. Wheat was one of the biggest commodity laggards Tuesday. Meanwhile, corn for July delivery was down 1.2 percent to $7.50¼ a bushel.
Thursday, March 31, 2011
Ag Stocks (AGU), (MOS), (MON), (TNH), (POT), (CF) Jump on Seasonal Action
Shares of Agrium (NYSE:AGU), Mosaic (NYSE:MOS), Monsanto (NYSE:MOS), Terra Nitrogen (NYSE:AGU), Potash (NYSE:POT) and CF Industries (NYSE:CF) are all rocking as the growing season starts or approaches, depending on what part of the U.S. you are in.
Shares of CF Industries Holdings, Inc. (CF) closed up 2.2 percent Wednesday at $132.61 for a gain of $2.85 after previously closing at $129.76. CF Industries traded at a high/low of $132.92/$129.28 during intraday action.
Shares of Monsanto Company (MON) closed up 0.41 percent Wednesday at $70.79 for a gain of $0.29 after previously closing at $70.50. Monsanto traded at a high/low of $71.40/$70.00 during intraday trading.
Shares of Agrium Inc. (AGU) closed up 1.99 percent Wednesday at $89.64 for a gain of $1.75 after previously closing at $87.89. Agrium traded at a high/low of $89.86/$88.17 during intraday trading.
Shares of Terra Nitrogen Company, L.P. (NYSE:TNH) closed up 1.27 percent Wednesday at $114.63 for a gain of $1.44 after previously closing at $113.19. Terra Nitrogen Company traded at a high/low of $114.99/$113.99 during intraday trading.
Shares of The Mosaic Company (NYSE:MOS) closed up 2.03 percent Wednesday at $80.45 for a gain of $1.60 after previously closing at $78.85. Mosaic traded at a high/low of $80.49/$78.89 during intraday trading.
Shares of Potash Corp. of Saskatchewan, Inc. (NYSE:POT) closed up 1.8 percent Wednesday at $58.18 for a gain of $1.03 after a prior closing of $57.15. Potash traded at a high/low of $58.30/$57.46 during the intraday session.
Shares of CF Industries Holdings, Inc. (CF) closed up 2.2 percent Wednesday at $132.61 for a gain of $2.85 after previously closing at $129.76. CF Industries traded at a high/low of $132.92/$129.28 during intraday action.
Shares of Monsanto Company (MON) closed up 0.41 percent Wednesday at $70.79 for a gain of $0.29 after previously closing at $70.50. Monsanto traded at a high/low of $71.40/$70.00 during intraday trading.
Shares of Agrium Inc. (AGU) closed up 1.99 percent Wednesday at $89.64 for a gain of $1.75 after previously closing at $87.89. Agrium traded at a high/low of $89.86/$88.17 during intraday trading.
Shares of Terra Nitrogen Company, L.P. (NYSE:TNH) closed up 1.27 percent Wednesday at $114.63 for a gain of $1.44 after previously closing at $113.19. Terra Nitrogen Company traded at a high/low of $114.99/$113.99 during intraday trading.
Shares of The Mosaic Company (NYSE:MOS) closed up 2.03 percent Wednesday at $80.45 for a gain of $1.60 after previously closing at $78.85. Mosaic traded at a high/low of $80.49/$78.89 during intraday trading.
Shares of Potash Corp. of Saskatchewan, Inc. (NYSE:POT) closed up 1.8 percent Wednesday at $58.18 for a gain of $1.03 after a prior closing of $57.15. Potash traded at a high/low of $58.30/$57.46 during the intraday session.
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