More than 35 workers were rescued after being temporarily trapped underground following an explosion earlier today in a former potash mine in Teutschenthal near Halle, eastern Germany, a number of media outlets have reported. Early reports suggest at least two people were injured in the blast.

Authorities are now investigating the cause of the explosion and assessing the damage caused.

The mine is understood to have closed in 1982 but was being used to store mining waste. Current ownership of the mine was not clear at press time.

CHS Inc., St. Paul, reported net income of $829.9 million on revenues of $31.9 billion for the fiscal year ending Aug. 31, 2019, compared to the year-ago $775.9 million and $32.7 billion, respectively. CHS saw upticks in earnings from its Energy and Nitrogen Production (CF stake) segments, though Ag, which contains wholesale and retail fertilizer operations, was down.

CF Industries Holdings Inc., Deerfield, Ill., reported third-quarter net income attributable to common shareholders of $65 million on sales of $1.04 billion, up from the year-ago $30 million and $1.04 billion, respectively. Tons sold were 4.75 million st versus the year-ago 4.76 million st.

Nitrogen producer LSB Industries Inc., Oklahoma City, reported a third-quarter net loss of $30.8 million on revenue of $75.5 million versus the year-ago loss of $26.1 million and $79.8 million, respectively. While losses grew and revenue was down, the company said adjusted EBITDA was up at $11.1 million from $10.6 million as a result of lower natural gas prices, higher production and lower overall costs.

Tampa ammonia has closed at $260/mt CFR for November, up $5/mt from October’s $255/mt CFR.

Reports circulated late Thursday that India has concluded its major potash contract at $280/mt CFR, down $10/mt from the 2018 price. Indian sources were cited for the information, with Green Markets continuing to seek confirmation from other industry players.

Martin Midstream Partners LP (MMLP), Kilgore, Texas, reported third-quarter operating income from its Sulfur Services Segment (sulfur and fertilizer) of $291,000 on revenues of $23.1 million, down from the year-ago $3.1 million and $30.8 million, respectively. The company said unplanned refinery turnarounds impacted sulfur tank truck hauling, while fertilizer margins and sales volumes were depressed due to higher fertilizer inventories caused by the delay in fall fertilizer application as a result of the late harvest season.

Company-wide, MMLP income from continuing operations was improved at $13.2 million on revenues of $177.9 million, compared to the year-ago loss of $7.9 million and $234 million, respectively.

CVR Partners LP, Sugar Land, Texas, on Oct. 23 reported a third-quarter net loss of $23 million ($0.20 per common unit) on net sales of $89 million, compared to the year-ago loss of $13 million ($0.12 per unit) and $80 million, respectively. Adjusted EBITDA was $18 million, down from $19 million. The company announced a $0.07 per unit cash distribution for the quarter.

CVR reported strong production coupled with higher UAN sales volumes and stronger UAN and ammonia product pricing over year-ago levels. The company said its East Dubuque, Ill., plant completed a turnaround in October and is now returning to full production.

Specialty phosphate maker Innophos Holdings Inc., Cranbury, N.J., today announced that it has entered into a definitive agreement with an affiliate of One Rock Capital Partners LLC, a middle-market private equity firm, whereby One Rock will acquire all of Innophos’ outstanding shares for $32.00 per share in cash in a transaction valued at approximately $932 million, including the assumption of debt. The transaction has been unanimously approved by Innophos’ Board of Directors.

The offer price represents an 18 percent premium to the 30-trading day volume-weighted average closing share price of Innophos’ common stock ended Sept. 9, 2019, the last trading day prior to published market speculation regarding a potential transaction involving the company.

NOLA granular urea prices are reported to have dived this week, as low as $228/st FOB, according to sources Wednesday morning. This is down from the week-ago low of $236/st FOB. This follows lower prices and large quantities offered into India’s MMTC tender.