According to the latest data form the Fertilizer Institute, potash inventories at North American producers are 42 per cent higher than the previous five-year average. North American potash shipments in the month of February were down 80 per cent from the same month period a year earlier. This data has prompted Potash Corp of Saskatchewan [...]
By Leia Michele Toovey- Exclusive to Potash Investing News According to the latest data form the Fertilizer Institute, potash inventories at North American producers are 42 per cent higher than the previous five-year average. North American potash shipments in the month of February were down 80 per cent from the same month period a year [...]
Bolstered by anticipated revenues of $1.9 billion from potash, the Saskatchewan Party government on Wednesday declared big-ticket budget spending items including a property tax cut, more cash for municipalities and funding for a long-proposed children’s hospital in Saskatoon. For full story, click here
The Saskatchewan treasury has a new cash cow that is potash. But a debate is growing about how reliable that cow will be. For full story, click here
Due to the slump in oil and gas industries, Akita Drilling Ltd. reported to have performed drilling services for potash producers, its first move away from its traditional clientele. For full story, click here
Potash Inventory has been building up in the industry even though the producers have been shutting down mines. The chance that the Potash Corporation will meet its guidance for the year is remote. Analyst Amir Adar of Harel said: The year 2009 is lost and the focus now is on trying to prevent potash prices [...]
Agrium Inc. announced that it has commenced an exchange offer for all of the outstanding shares of CF Industries Holdings Inc. For full story, click here
Potash closed at $77.91. So far the stock has hit a 52-week low of $47.54 and 52-week high of $241.62. Potash stock has been showing support around 71.60 and resistance in the 81.26 range. For full story, click here
As per Potash’s Corp’s recent market analysis report, the company pointed out that producer inventories have swung from record lows to 39% above the five-year average. Potash players ranging from PotashCorp to K+S and Intrepid Potash have been very disciplined in their supply response. For full story, click here
Potash Corp. Of Saskatchewan Inc. reported that the company is extending 2009 potash production cuts by an additional 1.5 million tons. For full story, click here
Get our independent commentary on potash trends and companies delivered to your inbox.
