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Agrium posts bigger-than-expected 3rd-qtr loss

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Reuters – Canadian fertilizer maker Agrium Inc , the world’s biggest farm retailer, reported a bigger-than-expected quarterly loss as demand for its products was reduced by severe dry weather in Australia and Canada. The company cut its full-year forecast for earnings per share from continuing operations to between $4.65 and $4.80, from its previous estimate
Agrium sells U.S. plants to ease Potash Corp merger concerns
Crops

Agrium sells U.S. plants to ease Potash Corp merger concerns

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Winnipeg | Reuters – Canadian fertilizer producer and farm supplier Agrium Inc said on Tuesday it will sell its Idaho phosphate production facility for $100 million to fertilizer company Itafos, to address concerns of U.S. regulators about its merger with Potash Corp of Saskatchewan. Separately, Agrium will sell its North Bend, Ohio, nitric acid plant
(Richardson.ca)
Crops

CHS to shed Prairie crop input retail sites

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U.S. farm co-operative CHS is stepping back from Canada’s Prairie crop input retail sector with a deal to sell its 10 retail locations to Richardson International. Winnipeg-based Richardson on Tuesday announced it would buy CHS’s Alberta retail sites at Alix, Beiseker, Bow Island, Carseland, Craddock, Lacombe, Rolling Hills, Standard and Vauxhall, and the co-op’s lone
(Dave Bedard photo)
Crops

PotashCorp Q3 profit disappoints ahead of merger

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Reuters — Canada’s PotashCorp, set to merge with rival Agrium to withstand a fertilizer slump, reported a smaller-than-expected quarterly profit Thursday and narrowed its full-year forecast, pressuring its stock. Prices of crop nutrient potash have leveled off this year after hitting eight-year lows late last year due to low crop prices and excessive production capacity.
(Staff photo)
Crops

Canada’s antitrust watchdog clears Nutrien merger

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Canada’s Competition Bureau will put up no reasons why PotashCorp and Agrium shouldn’t be joined in Nutrien. The federal antitrust regulator on Monday issued a “no action” letter on the all-stock merger-of-equals that Saskatoon’s PotashCorp and Calgary’s Agrium proposed in September last year. The two companies, when merged, are to be headquartered in Saskatoon under
(Staff photo)
Crops

PotashCorp, Agrium choose new married name

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Canadian fertilizer giants Agrium and PotashCorp have picked the new brand under which they plan to do business once their proposed merger clears. Calgary-based Agrium and Saskatoon-based PotashCorp announced Wednesday their new merged company, pending regulatory review and approvals, will be named Nutrien. “The new organization will be the global leader in reliable, low-cost crop
A line of Starpharma’s dendrimer polymers, much like its VivaGel water-based gel, shown here, will be put to work carrying crop chemicals and fertilizers in the field for Agrium’s Loveland Products. (Starpharma.com)
Crops

Agrium buys polymer maker’s ag chem applications

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Fertilizer and ag retail firm Agrium has closed a deal for an Australian polymer maker’s ag chemical business, aiming to put it to work in fertilizer and pesticide application. Calgary-based Agrium said Tuesday it has bought Starpharma Holdings’ agrochemical business for A$35 million (C$35.3 million) via Agrium’s U.S. crop input arm, Loveland Products. The deal
(Dave Bedard photo)
Crops

Agrium posts smaller-than-expected loss for quarter

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Reuters — Agrium, the world’s biggest farm retailer, reported a smaller-than-expected loss on Monday, helped by higher selling prices for potash. The Calgary-based fertilizer and ag retail firm sold 636,000 tonnes of wholesale potash in the first quarter ended March 31 at an average of $208 per tonne, compared with 456,000 tonnes at $199 per
(Dave Bedard photo)
Crops

PotashCorp notches higher profit as sales climb

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Reuters — Saskatchewan-based PotashCorp reported a bigger-than-expected rise in quarterly profit on Thursday and raised its full-year outlook, citing lower costs and increased sales volumes. Shares of the Saskatoon-based fertilizer producer rose 1.6 per cent in early New York trading, touching a three-week high. Revenue was lower in the first quarter due to weaker prices

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