Commodities Lend Themselves To Single-Desk Selling

You have to admire politicians who set aside long-held beliefs when they are confronted with the reality of how the world works. Reality sets in once they arrive in government and are responsible to more than just their supporters. Good examples are former Alberta Conservative premier Peter Lougheed and Saskatchewan’s Premier Brad Wall. Both were

Canadian Provinces Push Ottawa To Block Potash Bid

PotashCorp’s home province was ratcheting up pressure on the Canadian government to block BHP Billiton’s hostile approach as the Nov. 3 deadline for a decision drew near. Saskatchewan, where fertilizer producer PotashCorp is based, wanted Ottawa to reject the Anglo-American mining giant’s $39-billion offer, the largest takeover bid of 2010. It says a deal would


Higher Corn Prices Lead To Fertilizer Price Spike

U. S. fertilizer prices have doubled over the past year, with a quarter of the gains coming in the last three months, signalling that farmers will expand corn planting next spring to capitalize on high prices. Trade sources said increased fertilizer orders by farmers, coupled with corn prices hovering around two-year highs near $6 per

BHP’s Bid For PotashCorp Tough Call For Government

Canada’s Conservative government will put its pro-business reputation on the line when it decides whether to let a foreign firm buy up resource giant PotashCorp, and Ottawa will win enemies whichever way it turns. If it says yes it will alienate supporters in the western province of Saskatchewan, whose right-leaning government both backs the federal



The $40-Billion Potash Pie – for Sep. 2, 2010

American farmers hardly noticed when, in mid- August, news broke that Australian-based BHP Billiton was willing to pay nearly $40 billion for the world’s largest fertilizer producer, Saskatchewan’s PotashCorp. The disinterest was honest; after all, who was BHP Billiton and what did it want with a Canadian fertilizer firm in the steady, if not dull,


Russians Still Set To Hold Potash Pricing Key – for Aug. 26, 2010

European producers will continue to set the tone for global potash pricing, even if BHP Billiton clinches a deal for Potash Corp. of Saskatchewan, the world’s biggest producer of the crop nutrient. Potash Corp. typically tailored its production to supporting prices. But in recent years the Belarussian Potash Company (BPC), the marketing arm of producers

Farmers Rattled By $39-Billion Bid For Potash Corp. – for Aug. 26, 2010

The possible creation of a fertilizer giant between BHP Billiton’s and Potash Corp. has rattled U. S. and Canadian farmers who fear higher input costs if the $38.6-billion deal goes through. BHP Billiton’s acquisition offer was rejected by Canada’s Potash Corp. but the world’s largest fertilizer company said it might consider a more attractive proposition.


Russian Potash Firms Could Merge Too – for Aug. 26, 2010

There are many good reasons why the world fertilizer industry should consolidate. But the way two major Russian potash players have embarked on a probable merger is an illustration of why foreign investors should stay out of Russianstyle mergers and acquisitions. Suleiman Kerimov, a secretive oligarch known for often doing the Kremlin’s bidding, is in

Stability Returns To Fertilizer Prices

Farmers can expect reasonably stable fertilizer prices over the next few years – a welcome break from the wild price swings during the previous two years, according to a U. S. industry analyst. The price of fertilizer is expected to increase moderately this spring as markets return to normal. But huge price gyrations which happened