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

Nutrien misses quarterly profit estimates as potash prices plummet

Fertilizer demand expected to rise in Q4

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

File photo of Canpotex potash cars. (Dave Bedard photo)

More affordability, usage of fertilizers in 2024, analyst says

Israel's fertilizer output normal for now

MarketsFarm — While global fertilizer prices were projected to be steady to higher in 2024, overall affordability is set to improve while usage will increase, according to one analyst. Samuel Taylor, a New York City-based farm inputs analyst for RaboResearch Food and AgriBusiness, delivered a presentation on the fertilizer market during the firm’s Fall Harvest […] Read more


(PortOfThunderBay.com)

Thunder Bay grain shipments up on year

Grain traffic contributes to increase in overall cargo handle

MarketsFarm — Grain shipments through the Port of Thunder Bay are running well ahead of the year-ago level, with 3.747 million tonnes of grain shipped through the port on the northern shores of Lake Superior as of Aug. 31. That was up by 1.1 million tonnes from the previous year’s pace, but slightly behind the […] Read more

No plans for Nutrien to sell assets

Reuters – Canadian potash producer Nutrien is not looking to sell assets to raise capital, CEO Ken Seitz told Reuters, even as falling fertilizer prices have caused it to scrap projects and trim costs. Nutrien said Aug. 2 it would halt plans to expand potash production in Saskatchewan and end work on a clean ammonia […] Read more