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Nutrien’s potash mine at Lanigan, Sask. The Saskatoon company said in February it expects to close some potash mines which are near their “end of life” in the year ahead. (Nutrien.com)
Crops, Reuters

Nutrien steers potash recovery as BHP waits in wings

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Winnipeg/London | Reuters — Canada’s Nutrien, the world’s biggest potash miner by capacity, has helped engineer a surprising price rebound for the fertilizer by idling capacity. Now the trick will be keeping prices from appreciating too much to ensure a major would-be competitor, BHP Billiton, stays on the sidelines. BHP has been weighing an entry […] Read more
A CN locomotive near Jasper, Alta. (Photo courtesy CN)
Crops, Machinery

Grain handle drops in CN’s first quarter

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Reduced traffic in grain, fertilizers and petroleum, against increased costs from “challenging operating conditions,” ate into the first-quarter bottom line for Canadian National Railway (CN). Montreal-based CN on Monday booked net income of $741 million on total revenues of $3.194 billion for its quarter ending March 31, down from $884 million on $3.206 billion in […] Read more
(Photo courtesy Nutrien)
Crops, Markets

Global fertilizer prices set to fall

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CNS Canada — Global fertilizer demand has been higher, leading to increased prices, but with more capacity coming online prices should start to fall, according to an analyst. “Urea prices globally have moved a little higher over the past few months. They’ve been relatively volatile, that’s just kind of a function of some better than […] Read more
(Photo by Lynn Betts, USDA Natural Resources Conservation Service)
Crops, Machinery

Industry still looking for new NH3 tank rule break

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Fertilizer Canada and the Canadian Association of Agri-Retailers (CAAR) say there will be enough anhydrous ammonia nurse tanks available to supply the fertilizer to farmers during this growing season. New Transport Canada regulations came into force Jan. 12, which affect the frequency of hydrostatic testing and visual inspection of ammonia nurse and applicator tanks and […] Read more
(Staff photo)
Crops, Reuters

Nutrien sees demand growth cooling, margins shrinking

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Reuters — Nutrien, the Canadian fertilizer and farm supply dealer created from the merger of Agrium and PotashCorp this year, said it expected demand growth for potash in China and India to cool down in 2018. Nutrien, the world’s biggest fertilizer company by capacity, also said higher input costs would shrink nitrogen and phosphate margins. […] Read more
(Photo courtesy CN)
Crops, Machinery

CN’s Q4 grain handle down in ‘challenging conditions’

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U.S. income tax reform more than offset “challenging” conditions, including reduced grain handle, in Canadian National Railway’s fourth fiscal quarter. Montreal-based CN on Tuesday reported net income of $2.611 billion on total revenues of $3.285 billion for its fourth quarter ending Dec. 31, up from $1.018 billion on $3.217 billion in the year-earlier Q4. The […] Read more
CMC’s booth at the GEAPS 2017 show in Kansas City. (CMCiel.com)
Crops, Machinery

AGI buys bin sensor, fertilizer blending system makers

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Best known as the parent for several Canadian and U.S. manufacturers of grain handling and storage equipment, Ag Growth International is expanding its tech portfolio. Winnipeg-based AGI announced Wednesday it has bought Burnaby, B.C.-based CMC Industrial Electronics and Iowa-based Junge Control (JCI) for undisclosed sums. CMC, which formed in 1997 and has facilities at Burnaby […] Read more

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