Agrium Delivers Results Surpassing Expectations
Reuters reported that Agrium (NYSE:AGU) reported strong quarterly profits due to higher fertilizer sales.
Articles Tagged "Agrium"
Recovery and Discovery Mark Potash Markets
Potash fertilizer prices look ready to rebound as positive US economic data holds promise of record US crop planting and output.
Positive Outlook for Agrium’s Potash Mine
CBC reported that the expansion of Agrium Inc.'s (NYSE:AGU) Saskatchewan potash mine was approved.
Agrium Raises Profit View, Shares Jump
Reuters Africa reported that a higher second quarter outlook for Agrium (NYSE:AGU) caused the company's shares to rise.
India Holds Out for Lower Fertilizer Prices
Despite weeks of negotiations, India has yet to reach a potash supply agreement with major potash suppliers, including Canpotex, and is holding out for a lower price in order to bridge the gap between the international price of potash and the benchmark import parity price fixed by the government.
Agrium Has the Best Relative Performance
Zack.com analyzes top five companies in the Fertilizers and Agricultural Chemicals industry.
Potash Corp’s Monopoly Threatened?
For years, Potash Corp. of Saskatchewan (NYSE:POT) has held the lion share of the potash market. However, change is on the horizon.
Goldman Predicts Tough Times Ahead for Potash
While higher grain prices are a positive for potash producer shares, the overall near term outlook for the sector is bleak; at least according to Goldman Sachs.
Potash Prepping for Second Boom
Potash is taking its time to jump aboard the commodity rebound. The most recent deal for potash was settled between Canpotex and China to sell the crop nutrient for $370 per tonne, just $20 per tonne more than what the crop nutrient was fetching six months ago.
Inflation Expected to Dampen Potash Demand
Goldman Sachs released a report claiming that potash applications by farmers may remain below average this year. Companies were hoping for a blockbuster year, after last year’s economic collapse pushed farmers to postpone fertilizer applications.
