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Agrium and Potash Corp. of Saskatchewan Shares on the Upswing as a Result of Strong Demand

20.07.2012  |  Marketwired
Five Star Equities Provides Stock Research on Agrium and Potash Corp. of Saskatchewan

NEW YORK, NY -- (Marketwire) -- 07/20/12 -- Shares of fertilizer companies have been on the upswing recently as the recent heat wave and drought hitting the Midwest has seen corn prices sky rocket. "We think North American fertilizer producers are poised to benefit from higher grain prices and the growing likelihood that the U.S. will need to plant another large corn and soybean crop in 2013," wrote Citi Investment Research analyst P.J. Juvekar. Five Star Equities examines the outlook for companies in the Agricultural Chemicals Industry and provides equity research on Agrium Inc. (NYSE: AGU) (TSX: AGU) and Potash Corp./Saskatchewan (NYSE: POT) (TSX: POT).


Access to the full company reports can be found at:

www.FiveStarEquities.com/AGU

www.FiveStarEquities.com/POT


The current drought plaguing farmers across the U.S. is the worst in 25 years Agriculture Secretary Tom Vilsack said Wednesday. "This will result in significant increases in prices for corn. We've seen a 38 percent increase since June 1 in the price of a bushel of corn -- it's now $7.88. A bushel of beans has risen 24 percent," Vilsack said.

According to Vilsack the government has the number of territories designated s drought disaster zones standing at 1,297 in 29 states.

Five Star Equities releases regular market updates on the Agricultural Chemicals Industry so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us free at www.FiveStarEquities.com and get exclusive access to our numerous stock reports and industry newsletters.

Shares of Agrium surged on Wednesday after the company increased their estimates for the second quarter. Second quarter earnings are now expected to be in the range of $5.40 to $5.50 diluted earnings per share. "The increase in expected earnings is due to excellent results across our entire crop input business, resulting from the continuation of robust demand through June," said Mike Wilson, Agrium President and CEO, in their recent release.

PotashCorp is the world's largest fertilizer company by capacity, producing the three primary crop nutrients -- potash, phosphate and nitrogen. As the world's leading potash producer, the company is responsible for about 20 percent of global capacity. The company is scheduled to release their second quarter 2012 earnings on Thursday, July 26 at 6 am ET.

Five Star Equities provides Market Research focused on equities that offer growth opportunities, value, and strong potential return. We strive to provide the most up-to-date market activities. We constantly create research reports and newsletters for our members. Five Star Equities has not been compensated by any of the above-mentioned companies. We act as an independent research portal and are aware that all investment entails inherent risks. Please view the full disclaimer at: www.FiveStarEquities.com/disclaimer



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