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Tag Archives nitrogen

(Nutrien video screengrab via YouTube)
Crops, Reuters

Nutrien bolsters profit forecast on surging fertilizer prices

Fertilizer sector set for biggest profits in years

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Reuters — Nutrien Ltd. on Monday raised its full-year earnings forecast well above estimates after posting a more than 10-fold jump in first-quarter profit, as the world’s largest fertilizer company benefits strongly from soaring prices of crop nutrients. Prices of essential crop nutrients such as potash and phosphate skyrocketed in the quarter, touching near-record levels, […] Read more
CF’s facility at Medicine Hat, Alta. is billed as the largest nitrogen manufacturing complex in Canada. (CFIndustries.com)
Crops, Markets, Reuters

CF Industries boosts U.S. fertilizer shipments as Russian exports cut

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Chicago | Reuters — CF Industries is increasing fertilizer shipments to both U.S. coasts from the world’s largest nitrogen complex in Louisiana to help offset a decline in exports from Russia after it invaded Ukraine, CEO Tony Will said. Global fertilizer supplies have tightened and prices have increased from already high levels as sanctions bite […] Read more
An ammonia and nitrogen fertilizer plant in Russia. (Saoirse_2010/iStock/Getty Images)
Crops, Markets, Reuters

Vilsack hopes fertilizer firms don’t take advantage of Ukraine crisis

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Washington | Reuters — U.S. Agriculture Secretary Tom Vilsack said Thursday he hoped fertilizer and agriculture supply companies affected by the Russian invasion of Ukraine would not take unfair advantage of the situation, amid already-high fertilizer and crop prices. Fertilizer costs have soared due to rising demand and lower supply as record natural gas and […] Read more
(Alexey Rezvykh/iStock/Getty Images)
Crops, Reuters

Farmers ask U.S. Justice Department to probe fertilizer price spikes

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Reuters — Farmers have asked the U.S. Department of Justice to investigate whether recent spikes in fertilizer prices are attributable to market manipulation by fertilizer companies, according to a letter sent Wednesday by the Family Farm Action Alliance. The group, which has more than 6,000 farmer and rural members, alleges fertilizer companies are setting prices […] Read more
CF Industries’ UAN plant at Donaldsonville in Louisiana. The company also makes UAN at plants in Ontario, Iowa and Oklahoma. (Thyssenkrupp-industrial-solutions.com)
Crops, Markets, Reuters

Fertilizer shortage may lead to spring scramble

'It's next year's prices I'm worried about'

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Reuters — A global shortage of nitrogen fertilizer is driving prices to record levels, prompting North America’s farmers to delay purchases and raising the risk of a spring scramble to apply the crop nutrient before planting season. The Texas Arctic Blast in February and Hurricane Ida in August disrupted U.S. fertilizer production. Then, prices of […] Read more
(Alexey Rezvykh/iStock/Getty Images)
Crops, Markets

‘Perfect storm’ causes fertilizer price spikes

'Most of us are in a "wait-and-see" position'

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MarketsFarm — Fertilizer prices have increased over the past year, but could be headed even higher as a recent confluence of events has caused a shortage — the effects of which may affect producers past the New Year. “Particularly, in the last few weeks, there have been a number of supply events which have really […] Read more
Thanks to Jim Lundgren, who farms at Glenora, Man., about 85 km west of Morden, for this photo of his early start to spring tillage on March 20, 2021, owing to the recent absence of snow and/or rain in the area. Not that it’s a race, but is spring fieldwork already underway where you are? If yes, feel free to snap a photo and email us at daveb@fbcpublishing.com. (Photo courtesy Jim Lundgren)
Crops, Weather

Manitoba soil temperatures allow for spring fertilizer

Winter ban lifted, with cautions

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Farmers across Manitoba are now cleared to apply spring fertilizers including livestock manure on their fields, thanks to sufficiently warm soil temperatures, the province said Tuesday. Though the winter nutrient ban has been lifted, the province cautioned producers to “assess current weather conditions and periodically check weather forecasts” if they’re applying anytime between now and […] Read more
An ammonia and nitrogen fertilizer plant in Russia. (Saoirse_2010/iStock/Getty Images)
Crops, Markets

High fertilizer prices likely to climb more

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MarketsFarm — Expect fertilizer prices to resume increasing, despite having fallen back recently. Prices began their sharp rise around the middle of December and beginning of January. “They will go higher as demand goes up at seeding time,” Mike Jubinville of MarketsFarm Pro in Winnipeg said. Jubinville reported urea prices have jumped $100 per tonne […] Read more

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