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Agriculture News: Potash Warns Forecasts for 2012 Will Miss


Plus, ADM's planned bid will open access to Asian markets, and more!

This column highlights the past week's most interesting and useful business and financial news on agriculture from around the Web.

Toranto Star
Potash Corp. Warns 2012 Earnings Will Miss Forecasts
"Potash Corp. of Saskatchewan Inc. (NYSE:POT), the world's largest fertilizer producer, forecast full-year profit that was less than analysts estimated after delays in supply contracts in China and India reduced the company's sales."

Seeking Alpha
Can Mosaic Outperform the Market?
"With an average daily trading volume of four million shares, The Mosaic Company (NYSE:MOS) is certainly one of the most popular stocks of the chemicals industry. Recently, the company presented its first quarter fiscal 2013 results. Despite the reported decline in quarterly earnings due to weak international demand, Mosaic foresees an outstanding outlook in the long-term."

Link: French Biotech Body Rejects Results of Study of Monsanto Corn

"A French biotech advising body Monday rejected the findings of a study carried out by a French university linking an increase in rat tumors with the feeding of a genetically modified corn made by US multinational agricultural biotechnology firm Monsanto Co. (NYSE:MON)."

Ethanol Producer Magazine
Syngenta, Plymouth Energy Partner to Use Enogen Trait Technology
"Syngenta Corp. (NYSE:SYT) in North America announced it has signed a commercial agreement with Plymouth Energy of Merrill, Iowa to use grain featuring Enogen trait technology in 2013."

Wall Street Cheat Sheet
Link: DuPont Third Quarter Earning Sneak Peek

"S&P 500 (INDEXSP:.INX) component EI du Pont de Nemours (NYSE:DD) will unveil its latest earnings on Tuesday, October 23, 2012. E.I. du Pont de Nemours & Company offers products and services for markets including agriculture and food, building and construction, electronics and communications, general industrial, and transportation."

A Bumper Crop of Ag Plays
"Fertilizer is an obvious option for playing the farming boom. But all fertilizers are not created equal. The winners have been companies that make the nitrogen-based variety, like CF Industries Holdings (NYSE:CF), up 42.56% this year, and Agrium (NYSE:AGU), up 55.57%. They saw costs drop as the price of natural gas, the key ingredient for nitrogen, touched decade-lows in April."

Reuters Canada
Agrium Completes Share Buyback, to Double Dividend Payout
"Canadian fertilizer maker and agricultural goods retailer Agrium Inc said on Monday its board plans to double its annual dividend payout."

The Wall Street Journal
Link: IPO Outlook: Spinoffs Dot Coming Week's IPO Calendar

"A trio of IPOs are expected to reach the market in the coming week, with two of those arriving as spinoffs from existing public companies--dairy giant Dean Foods Co. (NYSE:DF)...Dean, the largest US dairy producer by revenue, will carve out its higher-margin organic and soy business into an independent company with the initial public offering of WhiteWave Foods Co..."

Zacks Investment Research
Cal-Maine Food Inc. Enters Oversold Territory
"Cal-Maine Foods Inc.'s (NASDAQ:CALM) share price has entered into oversold territory with a stochastic value of 12.9824..."

Market Watch
Link: Archer Daniels Confirms Plan to Buy GrainCorp

"US grain handler Archer Daniels Midland Co. (NYSE:ADM) said it plans to make an all-cash bid to acquire Australia's GrainCorp Ltd. , as the company vies for greater access to the booming Asian market amid intensifying industry consolidation."

Twitter: @brokawbrokaw
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