Daily Network News

More News →

Tag Archives Business

News

Nutrien beats profit estimates, lowers full-year forecast

By
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
Comment, Letters

Letters: Time to redefine ‘progress’

By
I am a first-generation Canadian, born and raised on a Manitoba farm in the 1930s.  I did not take up farming as my livelihood, however I did learn to recognize that farm life can be extremely rewarding in so many different ways.  I also learned to appreciate and realize that water and the environment were
“We are reducing production at facilities that require large volumes of natural gas, such as ammonia plants,” Martin Brudermueller, BASF CEO.
News

BASF readies for another ammonia cut

The company cut ammonia output last September and will now reduce further

By
Reuters – BASF, the world’s largest chemical company, is cutting ammonia production again due to soaring natural gas prices, it said July 27, with potential value-chain ramifications ranging from farming to fizzy drinks. Germany’s biggest ammonia maker, SKW Piesteritz, and number four, Ineos, also said they could not rule out production cuts as the country grapples with
(Bayer.com)
Markets, Other

Bayer’s agriculture unit, consumer health drive outlook hike

By ,
Frankfurt | Reuters – Agriculture and pharmaceuticals company Bayer BAYGn.DE on Thursday lifted its 2022 earnings guidance on strong demand from farmers for its seeds and crop chemicals and higher sales of consumer health products. Bayer is now targeting earnings before interest, taxes, depreciation and amortisation (EBITDA), adjusted for special items, of about 13 billion
Mosaic’s mine shaft tower from its K3 facility in southern Sask. Photo: Greg Berg
Markets

Mosaic sees fertilizer demand supported by tight crop supplies into 2023

By
Reuters – Mosaic Co MOS.N said on Monday it expects tight grain and oilseed markets into 2023, encouraging the continued use of fertilizers despite their surging costs. “The war in Ukraine, high temperatures in North America and Europe, and developing drought conditions in parts of South America highlight the risk for reduced yields globally,” Mosaic said.
Zaporizhzhia Region, Ukraine, July 5, 2022. Due to the ongoing hostilities, grains are harvested only on the territory of the Zaporizhzhia and part of Polohy districts which constitute one-sixth of the total area of the Zaporizhzhia Region, south-eastern Ukraine.
News

Recovery from grain production shortfalls could take years

Many factors have weighed in to produce tight global grain stocks

By ,
Reuters – Eric Broten had planned to sow about 5,000 acres of corn this year on his farm in North Dakota, but persistent springtime rains limited him to just 3,500 in a state where a quarter or more of the planned corn could remain unsown this year. The difficulty planting corn in the northern United
Manitoba’s first potash mine looks to spread the wealth
News

Manitoba’s first potash mine looks to spread the wealth

Company breaks new ground with its unconventional approach to community economic development

By
It’s been decades in the works, but Manitoba’s first potash mine has cleared red tape and is on course to start production this fall. In June, the provincial government announced that the Potash and Agri Development Corporation of Manitoba (PADCOM) had been granted all necessary permissions to start extraction and production in western Manitoba at its site 16 kilometres west of

AgCanadaTV

AgCanadaTV: In case you missed it; your national ag news recap for March 27, 2026

Sponsored by:
More Videos →

Latest Market News

More Market News →