Latest Newsletter

Tag Archives potash — page 3

The Mosaic Co. potash mine at Colonsay, Sask., southeast of Saskatoon. (MosaicInCanada.com)
Crops, Markets

Mosaic to throttle back Saskatchewan potash mine

Demand increasing, but 'slower than expected'

By
Demand for potash is coming back after “a year of reduced applications” — but not quickly enough that U.S. fertilizer giant Mosaic Co. plans to keep all its Saskatchewan mines running at their current pace. Florida-based Mosaic said Tuesday it has now “temporarily curtailed” production at its potash mine at Colonsay, about 65 km southeast […] Read more
(PortOfThunderBay.com)
Crops

Thunder Bay grain shipments up in October

By
MarketsFarm — The Port of Thunder Bay saw an increase in its grain handle in October 2022, moving 840,000 tonnes during the month. The grain exports were up by 33 per cent from September and up by eight per cent from October 2021, according to a news release. The increase was seen as a return […] Read more
Photo: iStock/Getty Images Plus
Markets

Nutrien cuts 2022 profit forecast again on lower potash prices

By
Reuters – Nutrien Ltd NTR.TO on Wednesday cut its full-year adjusted earnings forecast for the second time this year as potash prices decline, sending the shares of the world’s biggest fertilizer maker down nearly 5 per cent in extended trading. The company also missed third-quarter profit estimates, hurt by cooling prices of crop nutrients as farmers cut fertilizer application […] Read more
Nutrien’s head office building in Saskatoon. (Liam O’Connor photo)
Crops, Markets

Nutrien’s interim CEO named CEO

Seitz sees 'a lot of uncertainty' continuing in market

By ,
Reuters — Canada’s Nutrien Ltd., the world’s largest potash fertilizer producer, named Ken Seitz as chief executive on Monday, removing the interim tag. Nutrien in January surprised investors by replacing its CEO for the second time in eight months. It then named Seitz, the head of its potash business, as interim CEO, replacing Mayo Schmidt. […] Read more
(PortofThunderBay.com)
Crops, Markets

Thunder Bay grain exports picking up

By
MarketsFarm — Grain movement through the Port of Thunder Bay picked up in June, although total grain exports through the facility on the north shore of Lake Superior remain well off the year-ago level. A total of 625,741 tonnes of grain were shipped during the month, marking the first time of the season that grain […] Read more
Nutrien’s head office building in Saskatoon. (Liam O’Connor photo)
Crops, Markets

Nutrien to further boost potash output amid global shortage

Company will also speed up nitrogen capacity boosts

By ,
Reuters — Nutrien, the world’s largest fertilizer producer, said Thursday it will increase its Canadian potash production by 20 per cent to an annual 18 million tonnes by 2025, helping to address tight supplies that have contributed to a global food shortage. Potash prices have soared since the West imposed sanctions against Russia for Moscow’s […] Read more
Keefer Terminal (foreground) at the Port of Thunder Bay. (PortOfThunderBay.ca)
Crops, Markets

Thunder Bay grain shipments down on year through two months

By
MarketsFarm — Grain shipments through the Port of Thunder Bay are running well behind normal through the first two months of the 2022 shipping season, according to a release from the port. However, potash movement through the port is up considerably, with inbound shipments of general cargo also strong. Grain shipments through the end of […] Read more
(Nutrien video screengrab via YouTube)
Crops

Nutrien bolsters profit forecast on surging fertilizer prices

Fertilizer sector set for biggest profits in years

Reuters — Nutrien Ltd. on Monday raised its full-year earnings forecast well above estimates after posting a more than 10-fold jump in first-quarter profit, as the world’s largest fertilizer company benefits strongly from soaring prices of crop nutrients. Prices of essential crop nutrients such as potash and phosphate skyrocketed in the quarter, touching near-record levels, […] Read more

Cyber-Savvy Farmer

Glacier Farmmedia Podcast