Mosaic Co. and Agrium Inc. Look to Benefit From Rising Oilseeds Prices
Posted on April 02, 2012 at 08:20 AM EDT
The Paragon Report Provides Stock Research on Mosaic Co. and Agrium Inc.
NEW YORK, NY -- (Marketwire) -- 04/02/12 -- The Agricultural Chemicals Industry looks to gain, as rising prices for corn and oilseeds look to entice North American Farmers to shift focus. Oilseeds all demand a high degree of fertilizer. Nitrogen, potash and phosphate are the most important fertilizers that farmers apply. The Paragon Report examines the outlook for companies in the Agricultural Chemicals Industry and provides equity research on Mosaic Co. (NYSE: MOS) and Agrium Inc. (NYSE: AGU) (TSE: AGU).
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Droughts across South America are expected to cause sharp declines in global soybean production, which is driving up the price of oilseeds, including canola oil, Canada's second most-valuable crop. The weaker-than-normal supply of oilseeds is already pushing up prices. The U.S. Department of Agriculture says cash prices for soybeans rose by about $1 per bushel last month, pushing toward $13 a bushel.
"Richer returns are expected to encourage North American farmers to dedicate more of their acreage to soybeans, canola and even corn, all which demand a high degree of fertilizer to produce good crops," said Patricia Mohr, vice-president of economics and commodity market specialist at Bank of Nova Scotia.
The Paragon Report provides investors with an excellent first step in their due diligence by providing daily trading ideas, and consolidating the public information available on them. For more investment research on the Agricultural Chemicals Industry register with us free at www.paragonreport.com and get exclusive access to our numerous stock reports and industry newsletters.
The Mosaic Company announced that its Board of Directors approved an annual dividend program of $0.50 per share. This program increases the annual targeted dividend 150%, from the current level of $0.20 per share. The new dividend program is planned to go into effect with the next regularly declared dividend, expected to be declared in April 2012.
Agrium Inc. announced that, as part of its agreement with Glencore International PLC, it plans to acquire Viterra Inc.'s retail stores in Canada and Australia as well as the company's interest in a Medicine Hat, Alta. nitrogen facility.
The Paragon Report has not been compensated by any of the above-mentioned publicly traded companies. Paragon Report is compensated by other third party organizations for advertising services. We act as an independent research portal and are aware that all investment entails inherent risks. Please view the full disclaimer at http://www.paragonreport.com/disclaimer.
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