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Tag Archives farm retail

Nutrien’s head office building in Saskatoon. (Liam O’Connor photo)
Crops, Markets

Nutrien misses quarterly profit estimates as potash prices plummet

Fertilizer demand expected to rise in Q4

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Reuters — Nutrien fell short of analysts’ estimates for third-quarter profit on Wednesday, as lower potash prices weighed on the world’s biggest fertilizer producer. Potash prices have been falling after shipments from Belarus and Russia resumed. These exports had been significantly restricted last year following Western sanctions imposed on Russia in response to its invasion […] Read more
G3’s Prairie West elevator west of Plenty, Sask. (G3.ca)
Crops

Retailer takes over G3 ag input site

The Rack takes up ag retail business at Plenty, Sask.

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A western Saskatchewan ag retail chain has expanded its footprint in that region after closing a deal for a G3 grain elevator’s crop input business. G3 announced Monday it had completed the sale of the ag input business adjacent to its elevator west of Plenty, Sask., to Saskatchewan input and bulk fuel dealer Rack Petroleum, […] Read more
(File photo by Dave Bedard)
Crops

Farm suppliers race COVID-19 spread for planting season

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Winnipeg/Chicago | Reuters — North America’s biggest farm suppliers are accelerating shipments of fertilizer, seeds and agricultural chemicals to crop-growing regions in an unprecedented race against the coronavirus that threatens to disrupt planting season. The timing could not be worse for farmers preparing to plant crops. Disruptions in deliveries of fertilizer, seeds or chemicals could […] Read more
An Agrium fertilizer distribution facility west of Portage la Prairie, Man. (Dave Bedard photo)
Crops

Tough farm conditions right time for merger, Agrium CEO says

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Reuters — Plunging crop and fertilizer prices may not have hit rock bottom yet, and the market’s weakness makes it the right time to merge leading farm input suppliers, the CEO of Agrium said on Tuesday, making his pitch to skeptical investors for a US$26 billion union with PotashCorp. “Are we at the bottom yet? […] Read more
(Photo courtesy Agrium)
Crops

Fertilizer merger faces easier approval at home than in U.S.

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Toronto/Washington | Reuters — Canada’s PotashCorp and Agrium are more likely to win approval for a potential merger in Canada than in the U.S., but U.S. rejection of the deal would scuttle it globally, competition lawyers said. Saskatoon-based PotashCorp and Calgary’s Agrium confirmed Tuesday they were in preliminary merger talks, toward a deal that would […] Read more
(Dave Bedard photo)
Crops

PotashCorp, Agrium merger would send farmers to regulators

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Winnipeg/Chicago | Reuters — North American farmers will pressure regulators to protect their negotiating leverage with fertilizer suppliers if PotashCorp and Agrium agree to merge, major farm groups said on Wednesday. The potential deal revealed on Tuesday would combine the world’s largest fertilizer producer by capacity, with the continent’s biggest network of farm retail dealers, […] Read more
(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 […] Read more
(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. […] Read more

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