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Tower structure at one of Mosaic’s potash mines near Esterhazy, Sask. Photo: Greg Berg
Markets, Reuters

Mosaic shares tumble on disappointing fertilizer guidance

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Reuters – U.S. fertilizer producer Mosaic Co on Tuesday forecast slower phosphate sales and weaker prices for the current quarter, causing shares to plunge as much as 9 percent. The Minnesota-based company predicted third-quarter phosphate sales of 2.2 million to 2.5 million tonnes, down from 2.6 million in the second quarter. Mosaic forecast third-quarter diammonium […] Read more
A line of Starpharma’s dendrimer polymers, much like its VivaGel water-based gel, shown here, will be put to work carrying crop chemicals and fertilizers in the field for Agrium’s Loveland Products. (Starpharma.com)
Crops

Agrium buys polymer maker’s ag chem applications

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Fertilizer and ag retail firm Agrium has closed a deal for an Australian polymer maker’s ag chemical business, aiming to put it to work in fertilizer and pesticide application. Calgary-based Agrium said Tuesday it has bought Starpharma Holdings’ agrochemical business for A$35 million (C$35.3 million) via Agrium’s U.S. crop input arm, Loveland Products. The deal […] Read more
(Fertilizer Safety and Security Council)
Crops

Farmers wait for fertilizer prices to fall amid oversupply

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CNS Canada — As more fertilizer plants are built around the world and U.S. corn acreage shrinks, the typical thinking holds that prices for urea and nitrogen should fall, but that hasn’t been the case so far for Canadian farmers. “They’re more on the steady side,” said Todd Lewis, president of the Agricultural Producers Association […] Read more
(Country Guide file photo)
General, Machinery

Stats from 2016 show uptick in net farm income

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Statistics show slightly lower costs for fertilizer, fuel and cattle and calf purchases in 2016, against higher crop sales and program payments, led to a rise in realized net farm income last year. Statistics Canada on Wednesday released data showing Canadian producers’ realized net farm income — the difference between cash receipts and operating expenses, […] Read more
BHP Billiton, whose Jansen, Sask. mine shaft is shown here, describes the mine as its “most advanced” project but still in its feasibility study stage. (BHPBilliton.com)
Crops, Reuters

BHP stays course on potash mine few expected built

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New York | Reuters — BHP Billiton’s Canadian potash mine will use advanced, cost-saving technology, giving it a competitive edge in a currently oversupplied fertilizer market, the executive in charge of the business said on Thursday. Australia-based BHP aims to start potash production at Jansen, Sask., about 70 km southeast of Humboldt, in 2023, eventually […] Read more
(Dave Bedard photo)
Crops, Reuters

Agrium posts smaller-than-expected loss for quarter

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Reuters — Agrium, the world’s biggest farm retailer, reported a smaller-than-expected loss on Monday, helped by higher selling prices for potash. The Calgary-based fertilizer and ag retail firm sold 636,000 tonnes of wholesale potash in the first quarter ended March 31 at an average of $208 per tonne, compared with 456,000 tonnes at $199 per […] Read more
(Dave Bedard photo)
Crops, Reuters

PotashCorp notches higher profit as sales climb

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Reuters — Saskatchewan-based PotashCorp reported a bigger-than-expected rise in quarterly profit on Thursday and raised its full-year outlook, citing lower costs and increased sales volumes. Shares of the Saskatoon-based fertilizer producer rose 1.6 per cent in early New York trading, touching a three-week high. Revenue was lower in the first quarter due to weaker prices […] Read more
(Dave Bedard photo)
Crops, Markets, Reuters

Canpotex aims for ‘material’ potash price bump from China

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Winnipeg | Reuters — Canadian potash exporter Canpotex is pressing Chinese buyers to pay a “material” price increase for the fertilizer in their annual supply contract, as spot values in other markets rise off multi-year lows, Canpotex’s chief executive said on Monday. “We’re not interested in some kind of ratcheting down. That is for sure,” […] Read more
(LouisDreyfus.ca)
Crops, Reuters

Dreyfus sees recovery after two-year profit slide

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Paris | Reuters — Louis Dreyfus’ core earnings fell for a second year in 2016 amid a persistent high supply of crops, but the agricultural commodity trader said a revamp of operations should help results this year. Large inventories, low prices and limited volatility have curbed margins in the past two years for companies that […] Read more

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