Dear Shareholders,
In an effort to keep you up to date on all pertinent information regarding the agriculture sector, please see the attached article.
Rising demand for grain across the globe, driven largely by the growing needs of developing economies and the increasing use of biofuels, have led to soaring food grain prices. Farmers trying to boost yields are using more fertilizers, leading to tight global supply conditions for crop nutrients and bumper profits for fertilizer producers.
Regards,
AGORACOM Investor Relations
Please click here to view the article in its entirety.
Intrepid Potash shares spike after initial public offering
Tuesday April 22, 11:46 am ET
Intrepid Potash shares spike more than 50 percent after IPO prices well above expectations
NEW YORK (AP) -- Shares of fertilizer maker Intrepid Potash Inc. spiked more than 50 percent on Tuesday in the first successful initial public offering since Visa Inc.'s blockbuster deal last month. Intrepid's IPO of 30 million shares priced at $32 per share, well above the expected range of $27 to $29 per share. In midday trading, the stock spiked $17.15, or 53.6 percent, to $49.15. The stock has traded as high as $54.51 during the session.1 member recommends this.
