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News, Oilseeds

In Briefs continued – for Jan. 14, 2010

Carman truck repair shop destroyed Carman RCMP and the provincial fire commissioner’s office are investigating a Jan. 7 fire that destroyed theTR-S Truck Shop on Second Street Northeast in Carman. The fire, which burned up the business and 10 vehicles in or near the shop for total damages of $3 million to $5 million, is
Opinion

Potash “Oligopoly” May Crack In Longer Term

By
“The oligopoly’s discipline has formed the backbone for the group’s valuation.” – DAHLMAN ROSE AND CO. REPORT Amajor U. S. investment bank following the potash sector sees a “ratcheting up” in the sector’s risk profile that may suggest a possible shift in market competition in the longer term. In a recent report on its longer-term
Crops

Mosaic Sees Potash Sales Rising In 2010

Fertilizer producer Mosaic Co. said Jan. 6 it expects shipments of potash to increase in 2010 following dismal demand for the crop nutrient in 2009. The company expects global potash shipments of 47 million tonnes to 50 million tonnes in 2010, compared with global sales of about 32 million tonnes in 2009, a company executive
Opinion

“Fertilizer Wars” Throw Spotlight On Three CEOs

By
Mike Wilson, Steve Wilson and Mike Bennett are patient men. Embroiled in a nine-month three-way takeover battle, the chief executives of fertilizer companies Agrium Inc., CF Industries Holdings Inc., and Terra Industries Inc. have stayed in the headlines even as a recession and falling grain prices pushed the stocks of their companies off their 2008
Beef cattle, News

In Brief… – for Nov. 12, 2009

Tainted hamburger: An outbreak of foodborne illness, linked to 157:H7 E. coli bacteria in ground beef in the U. S. has sickened 28 people and caused at least one death, the U. S. Centers for Disease Control and Prevention said Nov. 2. Fairbank Farms of Ashville, New York, recalled 545,699 lbs. of ground beef products
Crops

Agrium Profit Down, But Gets Regulatory Ruling

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Agrium Inc. reported a 93 per cent plunge in its quarterly profit Nov. 4, but the fertilizer maker and agricultural products retailer expects sales to rebound in 2010. Calgary, Alberta-based Agrium, which is locked in a lengthy battle to buy U. S. rival CF Industries, said the sharp decline in profit was due primarily to
News

In Brief… – for Oct. 29, 2009

Equipment dealer eyes Enns: Calgary’s Rocky Mountain Dealerships has signed a deal to buy Case IH dealer Enns Agri Sales Ltd. at Winkler, Man., about 110 km southwest of Winnipeg, for an undisclosed sum. The sale is expected to close on or about Nov. 1, the publicly traded buyer said Oct. 20. With Enns, Rocky
Cereals, News

Briefs continued – for Oct. 1, 2009

No deal: Canadian fertilizer maker Agrium Inc. has again extended its hostile offer for U. S. rival CF Industries Holdings Inc., which again said it wasn’t interested. The offer of $40 in cash plus one Agrium share for each CF share was set to expire Sept. 22, but is now set to expire on Oct.
News

In Brief… – for May. 28, 2009

Buhler sees dip in tractor sales: The maker of Versatile tractors expects sales of its other farm equipment short lines to continue strong while tractor sales decline “for the remaining part of the year.” Winnipeg’s Buhler Industries posted net profit of $4.59 million on sales of $93.35 million in its second quarter ending March 31,
Crops

Agrium Drops To First-Quarter Loss

A drop in potash demand and tighter retail margins have led Agrium’s run of record quarterly profits into the red. The Calgary-based fertilizer and farm retail firm on May 6 posted a net loss of $60 million on net sales of $1.75 billion, down from its 2008 Q1 profit of $195 million on $1.11 billion

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