Pike & Fischer Green Markets


	for Tuesday, May 13, 2008		Subscribers Username: Password: Forgot Your Password? View PDF of a Sample Issue To Download Adobe Acrobat Reader Click Here

		Vol. 32 No. 19 / May 12, 2008

Green Markets on the web offers exciting new ways to understand and analyze market trends and behavior by allowing users to search Green Markets' one-of-a-kind repository of fertilizer market intelligence -- News, Market Watch reports and Management Briefs going back to January 1992.
News & News Briefs
Agrium successfully completes acquisition of UAP; must shed 7 outlets within 180 days, says FTC Agrium Inc. said May 7 that it has successfully completed its $2.65 billion acquisition of UAP Holding Corp. at a ...more... Terra to upgrade Woodward nitrogen plant Terra Industries Inc. said May 8 that it plans to expand the upgrading capacity at its Woodward, Okla., nitrogen manufacturing ...more... Scotts net income off 30 percent; wet weather, recalls cited; guidance reduced The Scotts Miracle-Gro Co. reported a decline in sales and net income for the second quarter ending March 29, 2008, ...more... Four Scotts products under recall The Scotts Miracle-Gro Co. has undertaken a nationwide recall of four products due to concerns regarding the status of their ...more... Agrium accelerates mine development Calgary—Agrium Inc. said last week that it is accelerating its development of a new mine in Saskatchewan, spending some $50 ...more... New report projects corn crop down Washington—A new USDA report, World Agricultural Supply and Demand Estimates, issued May 9, projects that the 2008-2009 U.S. corn crop ...more... Legend makes rock offtake deal with IFFCO Melbourne—Legend International Holdings Inc., with phosphate projects in the State of Queensland, Australia, said May 5 that it has entered ...more... Altius, Sprott form Canadian potash joint venture St. John's, Newfoundland, and Labrador—Altius Minerals Corp. and Sprott Resource Corp. (SRC) have entered into an agreement to explore for ...more... Agrifos to stop SPA production, add more DAP/MAP Pasadena, Texas—As part of the consent order with state officials in Texas, Agrifos Fertilizer will stop producing super phosphoric acid ...more... Western Potash completes IPO, raises C$20 M Vancouver—Western Potash Corp. said May 6 that it has successfully completed its initial public offering, comprising 18,185,000 common shares at ...more... The Andersons' 1Q buoyed by Plant Nutrient Group Maumee, Ohio—The Andersons Inc. reported net income of $7.8 million ($0.42 per diluted share) on revenues of $713 million for ...more... Ammonia margins up at Magellan Midstream Tulsa—Magellan Midstream Partners LP reported a huge increase in ammonia operating margins during the first quarter ending March 31, 2008, ...more... CVR Energy to restate earnings downward Sugar Land, Texas—CVR Energy Inc. said April 29 that it intends to restate its earnings for the year ended December ...more... Martin Midstream reports improved results Kilgore, Texas—Martin Midstream Partners LP (MMLP) reported net income of $8.0 million ($.51 per lp unit) on sales of $313.0 ...more... Sherritt fertilizer revenues improve, losses shaved Toronto—Sherritt International Corp. reported that fertilizer operating losses decreased in the first quarter ending March 31, 2008, to C$200,000 versus ...more... Noble net profits up 281 percent Hong Kong—Noble Group reported a 281 percent increase in net profits for the first quarter ending March 31, 2008, to ...more... Terra to extend and expand its share repurchase Sioux City—Terra Industries Inc. said May 8 that its board of directors has approved the extension and expansion of its ...more... Residents warned as ruptured tank leaks ammonia Swartz Creek, Mich.—Nearby residents were warned to stay inside while emergency crews controlled the anhydrous ammonia vapors leaking from a ...more... 5,000-gal. liquid N spill kills thousands of fish Amboy, Ind.—The state division of fish and wildlife is still assessing the damage from the release of 5,000 gallons of ...more... ECP sells stake in Morocco's Charaf Corp. Washington—Emerging Capital Partners LLC, an international private equity firm focused on investing across the African continent, said May 5 that ...more... Florida phos severance tax may go up temporarily Tallahassee—The Florida Legislature has approved a bill (SB1294) that will temporarily increase the phosphate severance tax by $60 million during ...more... Wilbur-Ellis makes feed acquisition San Francisco—Wilbur-Ellis Co. on May 1 completed its purchase of the marketing and distribution business of ProFood USA, Inc. and ...more... Industrial gas consumers opposed Wyoming bill Washington—The Industrial Energy Consumers of America (IECA) said May 7 that it strongly opposes S. 2229, the Wyoming Range Legacy ...more... First Uranium to build sulfuric acid plant in SA Toronto and Johannesburg—First Uranium Corp. reports that it will purchase and install an "off the shelf" acid plant to produce ...more...