Reuters – Mosaic is the latest fertilizer maker to miss third-quarter profit estimates, hurt by damage from Hurricane Ian and cooling prices of crop nutrients. Prices of nutrients such as phosphates and potash have dropped from the near record highs they touched earlier this year as farmers cut back on fertilizer use to rein in
Mosaic misses profit estimates on lower fertilizer prices, Hurricane Ian damage
Corteva third-quarter loss narrows on demand for agricultural products
Reuters – Agricultural chemical and seed company Corteva Inc CTVA.N on Thursday posted a smaller-than-expected third-quarter adjusted loss as farmers looked to maximize yields at a time of low global grain supplies. Operating loss was 12 cents per share in the July-September quarter, from 14 cents per share a year earlier. Analysts on average had expected
Nutrien cuts 2022 profit forecast again on lower potash prices
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
Corteva to exit some markets, cut jobs in cost-saving push
Canada remains among company's 'core' markets
Reuters — Seeds and pesticides company Corteva on Tuesday announced plans to exit about 35 countries and lay off roughly five per cent of its global workforce as part of the company’s cost-cutting plans. A surge in inflation this year to four-decade highs has forced Corporate America to slash planned spending and roll out measures
Nutrien beats profit estimates, lowers full-year forecast
Reuters – Nutrien beat second-quarter profit estimates, fueled by soaring prices of crop nutrients that more than offset higher natural gas costs and lower sales volumes. However, the world’s largest fertilizer producer lowered its full-year adjusted profit forecast as it expects higher natural gas costs to hurt its nitrogen business. Nutrien is the latest company
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