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Potash Stocks Advance Pre-Mkt; IPI Rises 5.1%, POT Up 1.2% 2013-11-15 14:20:11.826 GMT
By Aoyon Ashraf and Arie Shapira Nov. 15 (Bloomberg) -- Potash-exposed fertilizers rise pre- mkt led by Intrepid Potash +5.1%, Potash Corp. +1.2%, Mosaic +9%, Agrium +0.3%; Uralkali owners said to see sale accord as early as next week. * Alta Corp’s John Chu said stake sale may mean Uralkali CEO will be returned to Russia, talks likely to begin on BPC reunion * POT will likely get boost from these events, if they happen * Mkt may not return to where it was before BPC breakup; POT may not trade in high $30-mid $40 range * Uralkali Jumps Most in 2 Months as Owners Said to Be Near Deal * NOTE: Yday, potash-exposed fertilizer stocks underperformed; Belarus said it plans 2014 potash exports of 7mt at $300/t: Interfax * K+S pushing ahead w/ development of Legacy in Canada * NOTE: Nov. 13, Susquehanna said potash demand may rebound next year; corn price seems to be at seasonal low post-WASDE
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--Editor: Joanna Ossinger
To contact the reporters on this story: Aoyon Ashraf in Toronto at +1-416-203-5713 or aashraf7@bloomberg.net; Arie Shapira in New York at +1-212-617-1488 or ashapira3@bloomberg.net
To contact the editor responsible for this story: Joanna Ossinger at +1-212-617-7789 or jossinger@bloomberg.net