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Tag Archives Agrium — page 5

(Canpotex.com)
Crops

Canpotex shelves plans for Prince Rupert terminal

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Reuters — Canpotex, the potash export sales arm for PotashCorp, Mosaic Co. and Agrium, said Friday it would not build a planned shipping terminal at Prince Rupert in British Columbia. Canpotex said the decision was based on economic and commercial considerations and that its export capacity in Vancouver, Saint John and Portland were sufficient. PotashCorp
(Dave Bedard photo)
Crops

Agrium sees opportunities from major merger talk

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Reuters — Agrium, North America’s largest retail seller of products for crop producers, could benefit if some of the biggest makers of seed and agricultural chemicals merge, CEO Chuck Magro said on Wednesday. Responding to a question during a company investor day in Toronto about how possible tie-ups of ChemChina and Syngenta, or of Bayer
(Dave Bedard photo)
Crops

Agrium’s forecast disappoints

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Reuters — Canadian fertilizer and ag retailer Agrium has joined rival PotashCorp in forecasting a weaker-than-expected 2016 profit, as prices for crop nutrients remain weak. Agrium’s Toronto-listed shares fell as much as 5.2 per cent to $110.89, its lowest in a year, as investors ignored a better-than-expected quarterly profit. The company, which sells seed, fertilizers
(Dave Bedard photo)
Crops, Markets

Agrium bucks fertilizer sector trend with Q3 profit

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Reuters — Canadian fertilizer and farm retail dealer Agrium on Thursday reported quarterly profit jumped nearly nine per cent, as higher sales volumes and lower costs helped it buck the sector’s trend of weaker earnings. Weaker currencies in fertilizer-buying markets such as Brazil and India are weighing down prices, leading rivals PotashCorp and Mosaic Co.
Mosaic’s potash facility at Esterhazy, Sask. (Greg Berg photo)
Crops, Markets

Mosaic lays off staff at Sask. potash mine

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Reuters — U.S. fertilizer company Mosaic Co. has laid off 46 unionized workers, or eight per cent of the workforce, at its Colonsay, Sask. potash mine, the company said Friday, as producers struggle with weak demand. Potash prices have fallen in the past year due to excessive mining capacity and reduced demand in key markets.
Mayo Schmidt, shown here in Winnipeg in 2007, led Viterra until 2012. (Dave Bedard photo)
Crops, Markets

Ex-Viterra chief to take Ontario’s Hydro One public

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The chief executive who morphed Saskatchewan Wheat Pool from a debt-crushed grain handler into Viterra, then oversaw its sale to Glencore, has been tapped to take Ontario’s Crown-owned power utility public. Toronto-based Hydro One on Thursday announced Mayo Schmidt as its new president and CEO effective Sept. 3, replacing Carmine Marcello. “We believe that Mr.
(ProvenSeed.ca)
Crops

Canola program stacks genes against new clubroot

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Rather than send out a canola variety with a single source of resistance against clubroot — especially the disease’s most recent pathotype — Agrium’s CPS division has stacked several sources into the new hybrids it’s sending for testing this summer. Crop Production Services on Monday announced its “next generation” of Argentine canola hybrids shows “high

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