Fall fertilizer demand seen rising
Late spring crop plantings in US won't necessarily translate into reduced fertilizer application come fall, CF Industries (CF) says.
On conference call, execs say concerns easing over late harvest this year as hot weather accelerates crop development, leaving time for strong fertilizer application by US farmers come autumn. At same time, CF could see some reductions in fertilizer demand in southern Plains as historic drought may reduce planting of winter wheat there.
CF up 3.3% to $146.29 as 2Q report late yesterday shows double-digit sales growth, plans to raise dividend, buyback shares. (firstname.lastname@example.org)
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(END) Dow Jones Newswires
August 05, 2011 10:58 ET (14:58 GMT)