Market Vectors Agribusiness ETF

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  • Oct. 23, 2015, 4:20 PM
    | Oct. 23, 2015, 4:20 PM | 3 Comments
  • May 8, 2015, 4:16 PM
    | May 8, 2015, 4:16 PM
  • Jun. 13, 2014, 4:14 PM
    | Jun. 13, 2014, 4:14 PM | 1 Comment
  • Dec. 4, 2013, 3:59 PM
    • Fertilizer equities are higher following new coverage from RBC Capital, which prefers Mosaic (MOS +3.2%) and Agrium (AGU +2.4%) in the sector.
    • MOS and AGU are rated Outperform thanks to to a recent trend toward "improving demand in the potash and phosphate markets" and an expectation for "substantial" returns to holders over the next few years; MOS' solid position in the phosphate market could better position it if others are interested in its potash assets.
    • Potash (POT +1.3%), CF Industries (CF +10.7%) and Intrepid Potash (IPI +2.4%) are each started with Hold ratings.
    • Also impacting the ag names is news that CF is working with investment banks about creating an MLP.
    | Dec. 4, 2013, 3:59 PM
  • Oct. 8, 2013, 3:36 PM
    • The Russian potash "soap opera" could weigh on prices until demand rises substantially or producers shut some capacity, Agrium (AGU -3.7%) CEO Mike Wilson says at the fertilizer company's investor day.
    • The structure of the potash market has to go back to where it was before Russia's Uralkali quit its export partnership with Belaruskali, and some producers need to shut capacity, or demand has to soar above 60M metric tons, Wilson says; otherwise, prices will remain under pressure.
    • POT -1.1%, MOS -0.3%, CF -2.5%, IPI -3.4%.
    | Oct. 8, 2013, 3:36 PM | 1 Comment
  • Oct. 2, 2013, 2:02 PM
    • Agriculture and potash names are moving higher following a WSJ story suggesting a large stake in Russian potash giants Uralkali (URALL.PK +3.3%) likely will be sold to one of several local investors bidding for the company.
    • Sources say the Kremlin is eager to repair the rift with Belarus that led to the collapse of the informal global potash cartel and has made clear to potential bidders that some kind of sales cooperation with the country - a close Russian ally - should be restored after any deal.
    • POT +3%, MOS +3.6%, AGU +2.2%, IPI +3.4%.
    | Oct. 2, 2013, 2:02 PM | 5 Comments
  • Sep. 24, 2013, 10:20 AM
    • Potash stocks are lower after China acquired a 12.5% stake in Russian potash producer Uralkali (URALL.PK -1.4%), a deal that could put new pressure on prices and reduce the chances of the Russia-Belarus cartel being revived.
    • The deal could strengthen China's position in negotiations with other producers; China imports ~6M metric tons/year of potash, more than 10% of global demand, and the Chinese potash price is considered the global benchmark.
    • The deal also could give Uralkali an upper hand in selling potash in the Chinese market ahead of Canpotex, the North American potash cartel owned by Potash (POT -1.4%), Mosaic (MOS -1.4%) and Agrium (AGU -0.8%).
    | Sep. 24, 2013, 10:20 AM | 2 Comments
  • Sep. 17, 2013, 9:43 AM
    • Fertilizer producers open lower - but perhaps not as much as feared - after Mosaic (MOS -1.4%) cut its Q3 price and volume estimates in its potash and phosphates businesses, citing caution from dealers in the short term that has resulted in deferred purchases.
    • Mosaic’s previous financial forecast had been made just two weeks before the breakup of the Russian potash marketing cartel; since then, “international crop nutrient markets have softened in part as a result of the distributors’ cautiousness,” the company says.
    • POT -1.5%, AGU -0.5%, IPI -0.7%, CF -0.2%.
    | Sep. 17, 2013, 9:43 AM
  • Sep. 13, 2013, 4:32 PM
    | Sep. 13, 2013, 4:32 PM
  • Sep. 13, 2013, 11:58 AM
    • Rumors that Russian billionaire Suleiman Kerimov is selling his 21.7% stake in potash producer Uralkali (URALL.PK) reach a fever pitch, as news agency RIA Novosti reports a $3.7B sale to investor Vladimir Kogan; so far, neither party has issued a comment.
    • POT +3.9%, MOS +3.8%, AGU +1.7%, IPI +6.1%, SQM +2%.
    | Sep. 13, 2013, 11:58 AM | 2 Comments
  • Jul. 30, 2013, 9:46 AM
    • The Market Vectors Agribusiness ETF (MOO -4.7%) and the PowerShares Global Agriculture ETF (PAGG -5.5%) after Russian potash producer Uralkali says it's going to make it up on volume
    • Potash, Agrium, and Mosaic make up about 16% of MOO holdings, nearly 20% of PAGG
    • Others: The Global X Fertilizer/Potash ETF (SOIL -8.9%)
    | Jul. 30, 2013, 9:46 AM
  • Jul. 12, 2013, 3:48 PM

    BMO Capital cuts its price target for Mosaic (MOS -1.3%) to $65 from $69 as it foresees an earnings miss next week, and expects other fertilizer stocks it covers - Potash (POT -0.7%), CF Industries (CF -1.8%) and Agrium (AGU -1.7%) - to miss earnings on lower than expected fertilizer prices.

    | Jul. 12, 2013, 3:48 PM | 1 Comment
  • Apr. 25, 2013, 3:19 PM

    The flow of key farm products (DBA) to the world from North and South America, highlighted by congestion at Brazilian ports and limited selling of crops by U.S. farmers, will keep global grain supplies tight despite expectations for big harvests later this year, Bunge (BG +6.5%) says after its Q1 report showed a 16% jump in agribusiness sales to $10.77B.

    | Apr. 25, 2013, 3:19 PM
  • Dec. 31, 2012, 12:55 PM

    Mosaic (MOS +2.1%), Potash (POT +1.9%), and Agrium (AGU +2.2%) trade higher after Canpotex, the fertilizer companies' offshore sales agency, announces a 1M-ton potash supply deal with China's Sinofert Holdings for 1H13. Though the deal involves a $70/ton price cut from the last contract between the parties (established in March), the Street is pleased in light of surging potash stockpiles. A deal between Canpotex and Indian buyers is expected in Q1.

    | Dec. 31, 2012, 12:55 PM
  • Dec. 21, 2012, 11:59 AM

    Brazil’s government go-ahead for Petrobras (PBR -3.6%) to raise its gasoline prices in early 2013 likely will raise demand for domestically produced sugar-based ethanol, but effects also could reach U.S. shores. Ethanol output in the U.S. is expected fall ~10% next year, and a robust export market could give Brazilian mills even more incentive to produce ethanol instead of sugar.

    | Dec. 21, 2012, 11:59 AM | 4 Comments
  • Nov. 13, 2012, 4:29 PM

    Mosaic (MOS) -4.8% AH after lowering its FQ2 volume guidance for potash and phosphate on weaker shipments in the export market. MOS says international crop nutrient market demand has weakened since earlier guidance, primarily as a result of distributors delaying purchases to avoid price risk; sales volumes may not pick up until calendar 2013.

    | Nov. 13, 2012, 4:29 PM | 1 Comment
MOO Description
Market Vectors Agribusiness ETF (the “Fund”) seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the Market Vectors Global Agribusiness Index (the “Index”).
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