Covering Potash Stocks, Agri Trends, Options and World Demand.
Covering Potash Stocks, Agri Trends, Options and World Demand.
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Canpotex, the export arm of Canadian potash producers Agrium, Mosaic and Potash, reported on Friday (Feb 19th) that it had inked a deal with Indian Buyers to the tune of 600,000 tones at a price level of $370 per tonne. The prior week Canpotex signed a deal to sell 350,000 tonnes to China at an [...]
Option buyers certainly came out winners following last weeks article. Last week (monday, Jan 4th) we pointed out some bullish call buying on front-month (jan) option contracts at and around the current share price. Here’s the screen capture we used for volume and pricing of the options in question: The following day shares took a [...]
Do the bulls know something that the rest of us don’t? Front month Potash option contracts were in heavy demand during the first ‘real’ trading day in over a week, Monday January 4th. With share prices hovering around the $110 level (closed at $112.20) for most of the session investors piled into calls. As we [...]
Reuters released a story on October 16th outlining a possible deal between Belarusian Potash Company and China for 860,000 tons of Potash. The pricing has not been released but according to the article it will be in the ballpark of $500 per ton. This news has pushed all of the major North American potash producers [...]
After Friday’s closing bell, Potash Corp. lowered their third-quarter and full year guidance. Potash cited slowing sales volume, due to stagnating demand. For the fiscal year 2009, the company lowered it’s profit guidance from $3.75 per share all the way down to $3.25. The median estimate on the street was $4.16. POT also lowered third-quarter [...]