|Bid||40.93 x 100|
|Ask||64.01 x 100|
|Day's Range||61.93 - 62.38|
|52 Week Range||52.93 - 65.86|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.53%|
The Bayer-Monsanto (MON) deal is still under review for antitrust issues in the US due to concerns that the two companies combined could harm the competitive environment. Below, we’ll discuss some of the antitrust concerns in more detail. The above chart outlines some of the antitrust concerns that have pushed back merger approval deadlines. The list of concerns includes higher prices due to monopoly, a higher concentration that may lead to market dominance, challenges to R&D (research and development) and innovation, and limited choices to customers.
The Mosaic Company (MOS) issues the Fertilizer Affordability Index, which fell last week to 0.66x from 0.67x a week ago. The index is indexed to one in the base year of 2005, so a point below one means that fertilizers are more affordable and a point above one means that fertilizers are less affordable. Fertilizer affordability below one is favorable for demand, which is good for Nutrien (NTR), CF Industries (CF), and Terra Nitrogen (TNH) along with other fertilizer players (MOO).
If we are to believe the experts the sun's behavior is about to change in a way that could have dramatic consequences for the food we eat and the broader economy.
In 4Q17, the trend in potash shipments was similar to phosphate shipment trends. Overall shipments in 4Q17 for five companies fell ~13% year-over-year. In 4Q16, overall shipments rose 15% for these companies.
In the recent quarters, fertilizer companies (MOO) have rationalized their output and costs to survive the downward momentum in fertilizer prices. The trend was also evident in potash, phosphate, and nitrogen fertilizers. More recently, prices of natural gas, a key input for nitrogen fertilizers, have also trended lower and are estimated to further decline in 2019. Learn more in How Did Fertilizer Prices Move Last Week? On the other hand, the realized prices have increased in 4Q17 as we discussed earlier.
Last week, the Fertilizer Affordability Index rose compared to last week, indicating that the move in fertilizer affordability wasn’t favorable for purchasers. The index is issued by the Mosaic Company (MOS) and was indexed to one in the base year of 2005. In the week ended February 23, the Fertilizer Affordability Index rose to 0.71x from 0.7x a week ago.
In fiscal 1Q18, Deere & Company (DE) reported total revenue of $6.9 billion inclusive of financial services and other revenue, implying a 23.0% rise over 1Q17, in which it reported revenue of $5.6 billion. Deere’s revenue growth was primarily driven by higher growth in the United States and Canada, which saw combined sales growth of 24%. The other major contribution came from the company’s acquisition of Wirtgen Group.