CROPS NEWS
Mosaic 2nd Quarter Net Up 0.8%
Fri Jan 4, 2013 11:52 AM CST

(Dow Jones) -- A slowdown in fertilizer shipments to Asia weighed on Mosaic Co.'s fiscal second-quarter earnings, although overall profit edged higher on a significant tax benefit.

The Minnesota-based fertilizer company, one of the world's largest potash and phosphate fertilizer producers, reported second-quarter operating earnings fell 30%. The decline was due mainly to lower phosphate volumes and prices, the company said.

Despite that pressure, net profit climbed 0.8% thanks to an income-tax benefit of 42 cents a share, and the results beat analyst expectations. Shares were recently up 2.6% to $58.30.

Even amid strong U.S. demand, the market for potash ...

Quick View
  • Crop Tech Corner In this week's Crop Tech Corner, a new, faster method of testing soybean cyst nematode samples is...
  • Profit Makeover When Curtis Schallert's 40-year-old stands of Kentucky-31 fescue petered out a few years ago, the...
  • UAVs Taking Flight in Ag The FAA this month began accelerating its exemption approvals for companies testing the skies wit...
  • Iowa's Field of Dreams Current Iowa land values are running about 16% below peak 2013 levels. That's according to a real...
  • Drought Recovery March auctions show cash rent shocks could mount in 2016.
  • Competing for Dollars Beef is far from a loser in the daily race for buyers at meat counters across the country. It's n...
  • CDC: No Human H5N2 Cases So Far So far, there are no reported cases of H5N2 in humans, but transmission of the highly contagious ...
  • Ask the Vet Can I cure my cow's uterine infection with an infusion?
Related News Stories
Mandatory or Voluntary Runoff Rules?
DTN Fertilizer Outlook
DTN Retail Fertilizer Trends
West, Texas: 2 Years Later - 2
Kub's Den
DTN Retail Fertilizer Trends
Acid Shortage
DTN Retail Fertilizer Trends