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Tag Archives Fertilizer

Nutrien’s head office building in Saskatoon. (Liam O’Connor photo)
Crops, Reuters

Nutrien misses profit estimates amid higher fertilizer prices

CF Industries also books lower sales

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Reuters — Canadian fertilizer maker Nutrien on Wednesday forecast lower-than-expected 2023 earnings and posted fourth-quarter profit below Wall Street estimates, sending shares down 2.6 per cent in extended trading. While higher fertilizer prices dented demand in early second-half of last year, a fall in prices later in the year did not boost demand as farmers […] Read more
Cargo ship Despina V, carrying Ukrainian grain, is seen in the Black Sea off Kilyos near Istanbul, Turkey on Nov. 2, 2022. (Photo: Reuters/Umit Bektas)
Crops, Markets, Reuters

Russia says sanctions a barrier to Black Sea grain deal renewal

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Reuters — Russia said Monday it would be “inappropriate” to extend the Black Sea grain deal unless sanctions affecting its agricultural exports are lifted and other issues are resolved. The Black Sea Grain Initiative, signed by Russia and Ukraine last July, created a safe corridor to allow grain to be exported from Ukrainian ports blockaded […] Read more
The Mosaic Co. potash mine at Colonsay, Sask., southeast of Saskatoon. (MosaicInCanada.com)
Crops, Reuters

Mosaic says stockpiles too high to restart Saskatchewan mine

Company expects Russia, Belarus 2023 potash exports at 2022 level

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Winnipeg | Reuters — Fertilizer producer Mosaic Co. does not currently see the right market conditions to restart its idled Saskatchewan potash mine, with high inventories in the U.S. and Brazil and cold weather slowing trains from Canada, CEO Joc O’Rourke said Wednesday. Mosaic curtailed potash production in December at its Colonsay, Sask. mine, but […] Read more
File photo of a train in Belarus. (Dimarik/iStock/Getty Images)
Crops, Markets, Reuters

Belarus to allow Ukraine grain transit with no preconditions, U.N. says

Belarus still wants sanctions lifted off fertilizer

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United Nations | Reuters — Belarus told the United Nations on Friday that it would allow, without preconditions, the transit of grain from Ukraine through its territory for export from Lithuanian ports, a U.N. spokesman said. Belarus, used by its ally Russia as a staging ground for Moscow’s Feb. 24 invasion of Ukraine, said in […] Read more
The Mosaic Co. potash mine at Colonsay, Sask., southeast of Saskatoon. (MosaicInCanada.com)
Crops, Markets

Mosaic to throttle back Saskatchewan potash mine

Demand increasing, but 'slower than expected'

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Demand for potash is coming back after “a year of reduced applications” — but not quickly enough that U.S. fertilizer giant Mosaic Co. plans to keep all its Saskatchewan mines running at their current pace. Florida-based Mosaic said Tuesday it has now “temporarily curtailed” production at its potash mine at Colonsay, about 65 km southeast […] Read more
I agree that we should reduce fertilizer use and that we need to worry about the environment, but we also have to worry about the people.
Features, Livestock

Farmers need nitrogen

Let’s focus on increasing the carbon content in our soils

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There sure is a lot of fuss about nitrogen right now. Farmers are protesting the new rules about nitrogen use and I get it. When your way of life is jeopardized, it is only natural to push back. I want to stress that we can’t forget about the human element in this situation. For years, […] Read more
Cargo ship Despina V, carrying Ukrainian grain, is seen in the Black Sea off Kilyos near Istanbul, Turkey on Nov. 2, 2022. (Photo: Reuters/Umit Bektas)
Crops, Markets, Reuters

Reasons for optimism seen on renewal for Ukraine grain deal

Deal set to roll over on Saturday

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Reuters — A United Nations source on Wednesday said they have reasons to be “cautiously optimistic” on the renewal of a Black Sea grains export agreement, which is set to roll over on Saturday unless there are objections. The U.N.-backed agreement on July 22 allowed grain shipments to resume from certain Ukrainian ports on the […] Read more
Photo: iStock/Getty Images Plus
Markets, Reuters

Nutrien cuts 2022 profit forecast again on lower potash prices

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Reuters – Nutrien Ltd NTR.TO on Wednesday cut its full-year adjusted earnings forecast for the second time this year as potash prices decline, sending the shares of the world’s biggest fertilizer maker down nearly 5 per cent in extended trading. The company also missed third-quarter profit estimates, hurt by cooling prices of crop nutrients as farmers cut fertilizer application […] Read more
‘I’m in favour of scientific research on a pilot project scale. Experimenting with national and global food supplies? No.’ – Steve Dittmer.
Comment/Columns, Free Market Reflections

Dittmer: Skeptical of the unproven

Free Market Reflections with Steve Dittmer

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I’ve often had to apologize for something inane our politicians or fringe ranchers have been doing down here. But you weren’t supposed to try to catch up. Please tell your politicians to quit trying to outdo our stupidity. It’s unseemly, un-Canadian. I’ve always been appalled at the left’s devotion to dogmas impossible to scientifically, logically […] Read more

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