OCI’s Iowa nitrogen plant, shown here under construction in 2015. (OCI.nl)

Fertilizer firm CF Industries to buy OCI assets

Reuters — U.S. fertilizer maker CF Industries said on Thursday it will buy OCI NV’s North American and European plants for US$6 billion, making CF the world’s largest publicly-traded nitrogen company. The stock and cash deal comes 10 months after CF’s merger talks with Yara International collapsed. It marks the largest fertilizer M+A deal since

(Dave Bedard photo)

Agrium profit beats Street, helped by higher grain prices

Reuters — Fertilizer and farm retail dealer Agrium reported a better-than-expected fourth-quarter profit helped by higher prices for most grains and oilseeds. The company also forecast 2015 profit to be $7 to $8.50 per share. Analysts on average expect a profit of $7.55 per share, according to Thomson Reuters I/B/E/S. Agrium’s U.S.-listed shares rose two


Yara’s fertilizer terminal at Stockton, California. (Sebastian Braum photo, Yara.com)

CF ends merger talks with Yara

Reuters — U.S. fertilizer firm CF Industries said it has dropped merger talks with Norway’s Yara International after the fertilizer makers were unable to agree on terms of a deal. Yara and CF said last month they were in early-stage talks about a “merger of equals” that would create a US$27 billion rival to the

Seeds Are Sown For Rally In Agricultural Stocks

Agricultural stocks could outperform the broad Canadian market in coming weeks as bearish crop forecasts and low grain inventories keep prices at record highs and spur increased fertilizer demand. Even with strong grain prices and a surge in crop nutrient prices, shares of Potash Corp., Agrium Inc. and Viterra have had a dismal run over


In Brief… – for Jan. 20, 2011

Vet fined:A Manitoba veterinarian has been fined $10,000 for certifying uninspected cattle for export. Dr. Earl Van Assen pleaded guilty in a Winnipeg court to two counts of contravening the federal Health of Animals Act. Court was told Van Assen submitted certification documents in Feb. 2009 for 42 cows shipped to the United States, stating

Surge In Grain Prices May Force BHP’s Hand

Surging world grain markets may force BHP Billiton to raise its $130-a-share offer for PotashCorp by 25 per cent or more as a subsequent jump in fertilizer shares wiped out its initial bid’s premium to investors. The burst in grain prices late last week may herald a fresh round of food inflation that won’t disappear


Agrium Sees AWB As A Platform For Retail Growth – for Sep. 9, 2010

Fertilizer maker and farm products retailer Agr ium Inc. sees Australia’s AWB as the perfect platform to continue expanding its global retail network, said a top company executive Aug. 16. Agrium has launched an unsolicited $1.1 billion bid to acquire AWB, Australia’s largest wheat exporter, trumping a rival offer from Australia’s GrainCorp. “The key is



In Brief… – for Mar. 25, 2010

Risk and reward: Jeff Conrad, president, Hancock Agricultural Investment Group told the Reuters Food Summit last week agriculture has its limits for investors. “The U. S. is a very mature marketplace – good technology base, good infrastructure, ability to harvest good crops … If you tell me you want to do 20 per cent returns

Fertilizer Producers Still See Strong U. S. Spring

Major fertilizer producers still expect a strong U. S. spring planting season, a development that would be a boon for the industry after a lacklustre fall. Wet weather and a very late harvest kept many farmers from putting down fertilizer before snow fell this past fall and winter. That hurt fourth-quarter earnings in the fertilizer