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Fertilizer companies took a licking on their share prices today

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    Fertilizer companies took a licking on their share prices today

    MOS down 7 percent 4X normal volume
    AGU down 6.48 percent 3X normal volume
    POT down 4.28 percent 2X normal volume

    Not sure what is with this sell off anyone else have any more news?

    AGU having trouble in Egypt read this, its a different world when protestors steal an ambulance with a dead body in it knowingly and use it in protest. Here is the news few days old.

    One killed in Egypt clashes over fertiliser plant CAIRO, Nov 13 (Reuters) - One person was killed and at least 11 were wounded on Sunday in clashes between the army and protesters sparked by concerns about pollution from a fertiliser plant in northern Egypt, the state news agency said.

    Protesters closed off the port of the northern city of Damietta, on the Mediterranean, and roads adjacent to it, MENA said, adding that they had prevented ambulances from passing through to help those wounded in the clashes.

    The protests began on Tuesday as residents demanded the relocation of a nitrogen plant jointly owned by state-owned Misr Oil Processing Company (Mopco) and Canadian firm Agrium .

    A security source said demonstrations in Damietta erupted over the plan to set up two new fertiliser plants in the area, but ended with the demonstrators demanding the original plant also be shut down.

    Agrium could not immediately be reached for comment.

    The security source said at least 11 people had been injured in the clashes as the army tried to disperse protesters. A security source said an army officer was among those wounded, blaming the injury on protesters carrying arms.

    A witness said protesters stopped an ambulance from moving to a hospital morgue the corpse of the 21-year-old man, named Islam Abu-Amin, who died in the clashes.

    The protesters drove the ambulance that was carrying the corpse to the governor's office and chanted anti-government slogans, the source said. A medical source said the man suffered a bullet wound.

    The governor of Damietta and other employees working in the building had fled before the arrival of the protesters, a source for the governor's office said.

    State news agency MENA said the army had successfully reopened the port early on Sunday but residents had regrouped a few hours later to shut it down again. (Reporting by Shaimaa Fayed and Mohamed Abdella; Editing by Michael Roddy)




    Today BHP claims it will stay out of the Canpotex group.

    BHP Billiton (BHP) plans to keep a large new Jansen mine in Saskatchewan out of potash marketing group Canpotex, the Financial Times reported Thursday.

    "We believe in taking the price of the day, and so the likelihood is that we would not market through Canpotex," BHP Diamonds and Specialty Products President Tim Cutt told the newspaper. "We'd market in a very consistent manner with the rest of our commodities.

    Canpotex is owned by Agrium Inc. (AGU), Mosaic Co. (MOS) subsidiary Mosaic Canada Crop Nutrition LP, and Potash Corp. of Saskatchewan Inc. (POT). Last year, BHP Billiton dropped a nearly $40 billion bid for Potash Corp. after the Canadian government blocked the deal.

    Full story at http://www.ft.com/intl/cms/s/0/f595e1f0-1135-11e1-9d04-00144feabdc0.html#axzz1dyeXNE7t

    Also MOS has decided to repurchase shares from the Margaret Cargill trust.
    7.5 percent higher than todays closing price. Here is the news.

    PLYMOUTH, Minn., Nov. 17, 2011 /PRNewswire/ -- The Mosaic Company (NYSE: MOS) announced today that it agreed to repurchase 21.3 million shares from the Margaret A. Cargill Trusts for approximately $1.2 billion. The purchase price will be $54.58 per share, the closing price of Mosaic's common stock on November 16, 2011.

    This repurchase completes, well ahead of schedule, the disposition of 157 million shares designated to be sold during the 15-month period following the May 25, 2011 split-off transaction with Cargill.

    "The purchase of Mosaic shares represents one of the best investment opportunities we've seen and a good use of our excess cash," said Jim Prokopanko, President and Chief Executive Officer of Mosaic. "We are pleased we were able to reach an agreement with the Trusts with respect to this transaction."

    The remaining 129 million shares that were part of the split-off transaction remain subject to transfer restrictions until November 2013 when the restrictions are released in three equal annual installments. The structure was designed to facilitate an orderly distribution of Mosaic's common shares formerly held by Cargill. Mosaic has included additional information about the split-off and orderly distribution of the shares in its annual report on Form 10-K for its fiscal year ended May 31, 2011.

    UBS Investment Bank acted as financial advisor to the Margaret A. Cargill Trusts in connection with the share repurchase. J. P. Morgan Securities, LLC. has been the financial advisor to Mosaic in connection with the split-off and related transactions.

    #2
    Fertilizer Pressure Eases
    Global economic woes and the subsequent slip in commodity prices have caused the world fertilizer market to slow since Sept., ending a two-year price rally, says a story from DTN.
    "Fertilizer markets have run out of steam," says Paul Burnside, analyst at CRU, a London-based mining and fertilizers consultancy.
    However, tight stocks will prevent the bottom from falling out of the market as it did following the global credit crunch in 2008.
    "Stocks for potassium and phosphorus, in particular, are short. Meanwhile, demand from China, India and Brazil remains robust and there are limitations to raising capacity in the near term," explains Mario Alves Barbosa Neto, chief executive officer of the fertilizer wing of Vale, Brazil's largest mining company
    AH the World problems also are problems to farmers credit is drying up or tightening and over paying for product doesn't work with price drop in commodities.

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