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The Mosaic Company (MOS)

- NYSE
  • Oct. 28, 2013, 3:27 PM
    • Mosaic's (MOS +1.6%) deal to buy the phosphate business of fellow fertilizer producer CF Industries (CF +4.3%) for $1.2B in cash could raise U.S. antitrust concerns, BCMI Research says; MOS now accounts for more than half of North American sales of diammonium and monoammonium phosphates, and its share would rise to around three quarters after the CF deal.
    • But MOS CFO Larry Stranghoener says the DoJ in the past had viewed the phosphate business as a global marketplace, easing potential competition concerns.
    • MOS plans to buy back shares will not be affected by the deal, the CFO also says.
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  • Oct. 28, 2013, 8:28 AM
    • Mosaic (MOS) agrees to acquire the phosphate business of CF Industries (CF) for $1.2B in cash plus $200M to fund CF's asset retirement obligation escrow.
    • MOS would acquire the 22K-acre South Pasture phosphate mine and beneficiation plant in Hardee County, Fla., a phosphate manufacturing facility in Plant City, Fla., and ammonia terminal and finished product warehouse facilities in Tampa; CF also will provide MOS with up to ~1M metric tons/year of ammonia.
    • MOS expects the acquisition to add ~$0.30/share to 2015 earnings, and says the proximity of the South Pasture mine to MOS's planned Ona phosphate mine will allow MOS to save $500M by not having to construct a $1B beneficiation plant.
    • CF says the sale of its phosphate operations represents good value and will enable it to sharpen the strategic focus on its nitrogen business.
    • MOS +2.5%, CF +2.1% premarket.
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  • Oct. 22, 2013, 11:22 AM
    • Uralkali (URALL) has been ramping up its potash production significantly as part of its new strategy, independent director Paul Ostling says; the company has said it plans to produce 10.5M tons for the year, up 15% from 2012.
    • While some reports suggest the partnership could be revived, Ostling says it would be difficult to "put Humpty Dumpty back together again" because of deep animosity on both sides, but that it wouldn't be impossible if the right agreements were reached.
    • POT -0.9%, MOS +0.1%, AGU +0.6%, IPI +0.5%, CF -0.1%.
    • ETFs: MOO, CROP, PAGG, VEGI.
    | 1 Comment
  • Oct. 18, 2013, 8:49 AM
    • German chemicals firm BASF (BASFY.PK) and Norwegian fertilizer maker Yara (YARIY.PK, YRAIF.PK) are evaluating a potential joint investment in a "world scale" ammonia plant at the U.S. Gulf coast.
    • Yara, with its global ammonia network and market expertise, seeks to increase its presence in the U.S.; BASF, which has a strong U.S. presence, is currently a major user of ammonia for its U.S. downstream manufacturing activities and intends to further strengthen its backward integration.
    • Other fertilizer producers such as CF, MOS and AGU could see interest today on the news.
    | 1 Comment
  • Oct. 14, 2013, 2:14 PM
    • Russian authorities say they opened a criminal case against the jailed chief executive of potash producer Uralkali (URALL.PK) and are seeking his extradition from Belarus to face charges in Russia, in what could be a face-saving move to defuse the potash rift.
    • Russia's main investigative agency says its review of the case indicates enough evidence to charge the Uralkali chief in Russia, though political analysts doubt he would serve any prison time even if convicted.
    • POT +0.8%, MOS -0.1%, AGU +0.7%, IPI -1.2%, CF +0.6%.
    • ETFs: MOO, CROP, PAGG, VEGI.
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  • Oct. 11, 2013, 2:22 PM
    • Potash's (POT -1.5%) downside Q3 guidance shouldn't come as a surprise, particularly after Agrium cut its forecast earlier this week as CEO Mike Wilson said "the soap opera in Russia" was weighing on potash prices.
    • The revision reflects "acute market uncertainty" battering global potash markets, Raymond James analyst Steve Hansen says; with potash prices moving sharply lower across most importing regions, “buyers seem intent on deferring purchases with the hope of securing lower prices and improved macro visibility in the future.”
    • But analysts say competition among suppliers is intensifying amid negotiations with the Chinese who are among the top potash buyers, pointing to a further fall in prices.
    • Also, MOS -2.1%, AGU +1%, IPI -0.2%, CF -1%, SQM -2.1%.
    | 1 Comment
  • 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%.
    • ETFs: MOO, CROP, PAGG, VEGI.
    | 1 Comment
  • Oct. 7, 2013, 6:13 PM
    • Mosaic (MOS) lowers its outlook for 2013 global potash shipments, citing weaker demand in India and a delay in settling a second-half contract between its export agency Canpotex and China's Sinofert Holdings.
    • CFO Larry Stranghoener says he sees global potash shipments of 54M-55M metric ton, down from its previous estimate of 55M-57M metric tons but higher than 2012's 51M; by 2014, global shipments should rebound to 57M-59M.
    • MOS, Potash (POT) and Agrium (AGU) sell potash to offshore markets through the Canpotex export consortium.
    • ETFs: MOO, CROP, PAGG, VEGI.
    | 2 Comments
  • Oct. 4, 2013, 4:02 PM
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  • Oct. 3, 2013, 9:47 AM
    • Global potash prices will stay above $300/metric ton but likely will fall further this year, bottoming out in early 2014 when supply contracts for top global consumer China are set, and rebounding thereafter, according to Uralkali's (URALL.PK) head of sales.
    • He gives no current average price, but says the domestic price in China of ~$330/metric ton delivered at the border was a "guideline" for the company's rail supplies.
    • Recent reports have said a large stake in Uralkali could be sold to one of several local bidders, but sources tell Reuters that no buyers are close to a deal now.
    • POT +0.5%; MOS +0.1%; AGU, which named a new CEO, +1.2%; IPI -0.4%.
    • ETFs: MOO, CROP, PAGG, VEGI.
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  • 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%.
    • ETFs: MOO, CROP, PAGG, VEGI.
    | 5 Comments
  • Sep. 30, 2013, 3:29 PM
    • Indian Potash says it has renegotiated an annual contract for the import of ~1M metric tons of potash at a 12%-plus discount following the breakup of a global fertilizer grouping led by Russia's Uralkali (URALL.PK), which says it is now pursuing a volume-over-price strategy.
    • Indian potash importers, who form the second biggest buyer group after China, sought discounts on their current contracts following the breakup and said the slide in the rupee vs. the dollar since May had made imports more expensive for them.
    • POT -1.1%, MOS -1%, AGU -1.3%, IPI -0.6%.
    • ETFs: MOO, CROP, PAGG, VEGI.
    | 2 Comments
  • Sep. 26, 2013, 7:53 AM
    • The CEO of Russian potash producer Uralkali (URALL.PK) is released from a Belarusian prison and placed under house arrest, signaling that the dispute over potash price may be nearing an end.
    • The transfer to house arrest comes as Russian Pres. Putin is scheduled to meet today with Belarus Pres. Lukashenko and after Russia's prosecutor general met with his Belarus counterpart earlier this week.
    • Stocks to watch: POT, MOS, AGU, IPI.
    • ETFs: MOO, CROP, PAGG, VEGI.
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  • 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%).
    • ETFs: MOO, CROP, PAGG, VEGI.
    | 2 Comments
  • Sep. 19, 2013, 2:26 PM
    • The president of Belarus hints for the first time at a possible resolution in the potash fight that has rocked global markets, suggesting he is open to the idea of sending the jailed Uralkali (URALL.PK) CEO back to Russia for prosecution there.
    • Belarus officials reportedly issued a copy of their case file against the CEO to Russian authorities last week as the first step in possibly sending him back to Russia, where he could stand trial without being held in custody.
    • Analysts say while a settlement in the potash case may be close, it is unclear if a renewed partnership would ever be able to restore the market to where it was.
    • POT -2.1%, MOS -1.3%, AGU -1.1%, IPI -3.9%, SQM -1.4%.
    | 1 Comment
  • Sep. 18, 2013, 10:41 AM
    • Belarus is not willing to lower its potash prices as a cut would cause losses, a top government official says in comments viewed as raising the chance of reviving a sales cartel with Russia.
    • Belarus is willing to cooperate with Uralkali (URALL.PK) in the future "in any format," the official says, when asked if the country would consider forming a new joint venture with the Russian firm; "our cooperation [with Uralkali] was a positive experience."
    • POT -0.2%, MOS -0.2%, AGU -0.2%, IPI +0.4%.
    • ETFs: MOO, CROP, PAGG, VEGI.
    | 1 Comment
MOS vs. ETF Alternatives
Company Description
Mosaic Co is producers and marketers of concentrated phosphate and potash crop nutrients for the global agriculture industry.