I was right about Terra Industries. Something was going on: TNH was up over 2 points on the news, with perhaps more to go.Terra Industries To Resume Buying Terra Nitrogen Common Units SIOUX CITY, Iowa (Dow Jones)--Terra Industries Inc. (TRA) said it will resume buying common units of Terra Nitrogen Co. LP (TNH) under an agreement that allows it to buy up to 4 million of the 6.5 million common units held by the public. In a press release Wednesday, Terra Industries, a fertilizer company, said it has the right to buy all of Terra Nitrogen's units based on market value when its ownership interest reaches a certain level, but that is not the company's plan now. Terra Nitrogen units were trading at 6, up 3/8, on volume of 7,000 units. Terra Industries owns 65% of the 18.5 million oustanding units of Terra Nitrogen, which produces nitrogen fertilizer.
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