Nutrien’s potash mining operations in Sask. are part of a growing effort by suppliers to meet producers’ nutrient needs
ALLAN, Sask. — A lot has changed since Nutrien produced and shipped the first 1,000 tonnes of potash from its Patience Lake mine in 1959. For instance, the price of potash was around US$50 per ton back then. It is six times that value today, and this is a down year for prices. One thing […] Read moreTag Archives potash
Poor yields start at the roots
WINNIPEG — The story of the 2024 canola crop can be summed up with three brief phrases: Hopes for a bumper crop in late June. Blazing heat and minimal rain in July. Disappointing yields in September. Those are the Coles Notes, but the agronomic story is slightly more complicated. A long stretch of 33 C […] Read more
Ag input sales at good levels in U.S.
NEW YORK (Reuters) — Sales of agricultural inputs such as fertilizers and crop care products have been near normal in the United States despite lower grain prices, while they are not as good in South America, according to agricultural input producers. Executives from companies such as Mosaic, Bayer AG and Corteva said during last week’s […] Read more
Railway workers at CN, CPKC vote to strike, says union
REUTERS – Thousands of railway workers in Canada at Canadian National Railway (CN) and Canadian Pacific Kansas City (CPKC) have voted overwhelmingly to strike as early as May 22, the union said today. Railways are critical to Canada’s economy, due to its vast geography and exports of grain, potash and coal. Related story: Railway strike […] Read more
Broken rail leads to derailment
REGINA — A broken rail that derailed a potash train near Silton, Sask., in 2021 had not been detected shortly before the accident. The Transportation Safety Board of Canada said testing on the Canadian Pacific Railway line had actually exceeded regulatory requirements but didn’t pick up the problem. The train was hauling 200 freight cars […] Read more
Mosaic profit falls
REUTERS —Mosaic Co. posted a lower fourth-quarter profit late last month as declining fertilizer prices dented margins and said it will curtail potash production at its mine near Colonsay, Sask. The company said potash prices plunged to $243 per tonne in the October-December quarter from $581 per tonne a year earlier, when prices soared due […] Read more
Nutrien profit takes hit as potash prices fall
REUTERS — Nutrien fell short of analysts’ estimates for third-quarter profit, 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 of Ukraine. […] Read more
Mosaic CEO to step down
Reuters — Fertilizer maker Mosaic’s James O’Rourke plans to step down from his position Dec. 31, ahead of his planned retirement next year, the company said on Aug. 29. Shares of the top U.S. phosphate maker fell 1.7 percent in extended trading following the news. Bruce Bodine, Mosaic’s senior vice-president of North America, is expected […] Read more
Nutrien not selling assets
WINNIPEG (Reuters) — Canadian potash producer Nutrien is not looking to sell assets to raise capital, chief executive officer Ken Seitz said, as falling fertilizer prices have caused it to scrap projects and trim costs. Nutrien said Aug. 2 that it would halt plans to expand potash production in Saskatchewan and end work on a […] Read more
Mosaic misses quarterly profit estimates on weak prices
(Reuters) — Fertilizer supplier Mosaic missed Wall Street estimates for quarterly profit on Aug. 1 as a decline in fertilizer prices dented its margins. Fertilizer prices continued their decline during the quarter, pressured by higher supplies as exports from top suppliers Belarus and Russia resumed, while the cost of key input materials such as natural […] Read more
