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File photo of Canpotex potash cars. (Dave Bedard photo)
Crops, Markets

More affordability, usage of fertilizers in 2024, analyst says

Israel's fertilizer output normal for now

By
Reading Time: 2 minutes 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)
Crops, Markets

Thunder Bay grain shipments up on year

Grain traffic contributes to increase in overall cargo handle

By
Reading Time: < 1 minute 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
(Video screengrab from SQM.com via YouTube)
General, Reuters

Nutrien to pause potash ramp up, ammonia project on falling prices

Potash prices have eased after the resumption of shipments from major supplier Belarus

By
Reading Time: < 1 minute Reuters – Nutrien NTR.TO on Wednesday decided to indefinitely pause its ramp-up plans for potash production and halt work on its clean ammonia project at Geismar, Louisiana, as the world’s biggest fertilizer producer grapples with falling prices. Its U.S.-listed shares fell 2.6% in extended trading as the company cited market conditions for stopping efforts to […] Read more
Nutrien’s head office building in Saskatoon. (Liam O’Connor photo)
Crops, Reuters

Nutrien cuts output as West Coast port strike hits day 11

Longshore union, management met Monday night, source says

By ,
Reading Time: 2 minutes Ottawa | Reuters — The world’s biggest fertilizer producer Nutrien cut production on Tuesday, citing the impact of a 11-day-old strike in Canada’s Pacific ports whose cost has now ballooned to an estimated $6 billion. Some 7,500 dock workers represented by the International Longshore and Warehouse Union (ILWU Canada) walked off on July 1 after […] Read more
(PortOfThunderBay.com)
Crops

Thunder Bay grain shipments up on year

Less potash moved so far this year

By
Reading Time: < 1 minute MarketsFarm — Grain shipments through the Port of Thunder Bay are running well ahead of the previous year’s pace, according to updated data from the Lake Superior facility. Grain shipments through the end of June of about 2.5 million tonnes were up by 760,000 from the same point the previous year. Monthly shipments in June […] Read more
Nutrien’s head office building in Saskatoon. (Liam O’Connor photo)
Crops, Markets, Reuters

Nutrien cuts earnings forecast after quarterly profit misses estimates

High fertilizer prices seen dragging on demand

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Reading Time: < 1 minute Reuters — Nutrien Ltd. on Wednesday cut its forecast for 2023 earnings as elevated fertilizer prices owed to Western sanctions on Russia and Belarus weigh on demand. U.S.-listed shares of the company fell 3.9 per cent in extended trading Wednesday as it also reported a lower-than-expected quarterly profit. Though fertilizer prices have dipped from record […] Read more
(Dave Bedard photo)
Crops, Markets, Reuters

Mosaic misses profit estimates on lower prices of fertilizers

Farmers seen waiting on prices to stabilize

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Reading Time: < 1 minute Reuters — Mosaic Co. on Wednesday missed Wall Street estimates for first-quarter profit on lower prices of potash and other crop fertilizers, even as the fertilizer maker sold higher volumes. Although prices of fertilizers such as phosphates and potash decreased during the reported quarter, it did not boost demand as farmers waited for pricing trends […] Read more
(Dave Bedard photo)
Crops, Reuters

Mosaic misses profit estimate amid lower demand for fertilizers

By
Reading Time: < 1 minute Reuters — Mosaic Co. on Wednesday became the latest fertilizer maker to miss fourth-quarter profit estimates amid lower demand for potash and other crop fertilizers, pushing shares down 2.2 per cent in extended trading. Although prices of fertilizers such as phosphates and potash decreased toward the end of last year, it did not boost demand […] Read more
Nutrien’s head office building in Saskatoon. (Liam O’Connor photo)
Crops, Reuters

Nutrien misses profit estimates amid higher fertilizer prices

CF Industries also books lower sales

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Reading Time: < 1 minute Reuters — Canadian fertilizer maker Nutrien on Wednesday forecast lower-than-expected 2023 earnings and posted fourth-quarter profit below Wall Street estimates, sending shares down 2.6 per cent in extended trading. While higher fertilizer prices dented demand in early second-half of last year, a fall in prices later in the year did not boost demand as farmers […] Read more
A view of BHP’s potash mine project north of Jansen, Sask. (BHP.com)
Crops, Machinery

Feds back BHP potash mine for sustainable tech

Fund to provide $100M for electrifying equipment

By
Reading Time: 2 minutes Major miner BHP’s potash mine-in-progress in Saskatchewan has picked up $100 million in federal funding to go toward investments in low-emissions equipment. Federal Industry Minister Francois-Philippe Champagne on Monday announced BHP’s Saskatoon-based Canadian arm will get backing from Innovation, Science and Economic Development Canada’s Strategic Innovation Fund (SIF) for the mine at Jansen, Sask., about […] Read more

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