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Tag Archives potash

Crops

Thunder Bay wraps up active shipping season

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MarketsFarm — The last cargo vessel of the year departed the Port of Thunder Bay on Sunday, bringing total cargo shipments through the facility to their highest level in half-a-decade. “Strong shipments of Prairie-grown grain and other dry bulk commodities from Western Canada buoyed the port’s cargo tonnage to 9.3 million metric tonnes, the highest […] Read more
Crops, Reuters, Weather

Mosaic to cut fertilizer production as weather dampens demand

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Reuters — Mosaic Co. said Thursday it will reduce fertilizer production until market conditions improve, as a difficult harvest season in North America has led to reduced fertilizer usage. Agricultural companies’ profits have been hammered this year due to an unusually cold and wet weather that has delayed planting season in North America, and lower […] Read more
Crops, Reuters

K+S considering sale of stakes in potash, salt businesses

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Frankfurt | Reuters — German potash and salt miner K+S said it was looking into selling stakes in its North American businesses because an ongoing cost cutting push would not yield enough savings to reach its debt reduction target. A company spokesman said K+S was considering selling a stake in its Bethune, Sask. potash mine […] Read more
Crops, Reuters

CN kicks off recovery after eight-day strike

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Reuters –– Canadian National Railway on Thursday said it was putting a recovery plan in place while ramping up operations after the country’s biggest rail strike in a decade. The eight-day-long work stoppage at Canada’s largest railroad sent shocks through the country’s economy with grain and propane shipments scuttled. The strike by about 3,200 conductors […] Read more
Crops

Nutrien potash mine idled despite rail strike’s end

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Plans by the world’s largest ag inputs provider to temporarily idle its biggest potash mine in view of the Canadian National Railway strike will proceed, even as CN goes back to work. Saskatoon-based Nutrien announced Monday it “will be forced to curtail production” at its Rocanville, Sask. mine due to the CN rail strike. The […] Read more
Crops, Machinery, Markets, Reuters, Weather

CN strike drags on, hitting grain exports, fertilizer output

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Ottawa/Montreal | Reuters — A prolonged strike at Canadian National Railway, the country’s largest railroad, sent further shocks through the economy on Monday with grain shipments scuttled and layoffs planned at fertilizer producers and an auto shipment terminal. As Canada’s biggest rail strike in a decade entered its seventh day, industry kept pressuring the government […] Read more
Markets, Reuters

Nutrien cuts profit forecast on weak fertilizer demand

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Bengaluru |Reuters – Canadian fertilizer maker Nutrien Ltd missed third-quarter profit estimates and cut full-year earnings forecast on Monday, as it battled lower demand for its crop nutrients. Agricultural companies have seen their profits hammered by harsh weather that delayed planting season in North America and a trade war fueled uncertainty that has crimped crop demand. “Nutrien’s third-quarter […] Read more
Crops, Reuters

BHP sets early 2021 for decision on Jansen potash project

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Melbourne | Reuters — BHP Group Ltd., the world’s biggest miner, said on Thursday it will make a final investment decision on its long-delayed $17 billion Jansen potash project in Saskatchewan around February 2021. Investors have been awaiting a decision by BHP on whether to go ahead with project, which would be its most significant […] Read more
Crops

Mosaic to further curb Saskatchewan potash output

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Fertilizer firm Mosaic Co. is dialing back production at another of its potash mines in eastern Saskatchewan as its potash inventories rise. Minnesota-based Mosaic Co. said Thursday it will “temporarily curtail” potash production at its Esterhazy mine, bringing the company’s total production curtailments up to 600,000 tonnes. The added curtailment, the company said, is based […] Read more
Crops, Reuters

K+S cuts output on weak potash demand

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Frankfurt | Reuters — German mineral miner K+S will cut production of potash fertilizers, dragging core earnings lower, as a halt imposed by China on potash imports dampens global markets. “In the current weak market environment, which is further intensified by the continuing Chinese import bans on the standard potassium chloride product, adjusting production is […] Read more

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