CNS Canada — Canadian fertilizer prices are expected to increase as spring draws nearer, according to industry professionals. “The further you buy out from spring, the prices tend to be a little bit lower. In making your commitments early, prices tend to edge up as you get closer to spring,” said Don Kitson of International […] Read more
Fertilizer prices to rise on global production shifts
Fertilizer maker Nutrien’s profit beats on strong potash demand
Reuters – Canadian fertilizer and farm supplies dealer Nutrien Ltd reported a better-than-expected quarterly profit and raised its full-year adjusted profit forecast, driven by strong demand for its potash fertilizers. The world’s largest fertilizer company by capacity raised its full-year adjusted profit forecast to the range of $2.60-$2.80 per share, from its prior estimate of […] Read more
Grain handle down slightly in record quarter for CP
Grain carloads were marginally fewer but grain revenue per carload climbed 10 per cent to help Canadian Pacific Railway to its highest quarterly revenue ever. Calgary-based CP on Oct. 18 booked net income of $622 million on $1.898 billion in revenues — its “highest ever (revenues) for any quarter” — in its third quarter ending […] Read more
Global fertilizer market prices vary
CNS Canada — A mixed bag for fertilizer prices is expected over the next few months, as some continue to increase while others should drop, according to an analyst. “The fertilizer market has remained pretty firm over the past six months… we had kind of anticipated some declines across all the different nutrients, (but) they’ve […] Read more
Nutrien steers potash recovery as BHP waits in wings
Winnipeg/London | Reuters — Canada’s Nutrien, the world’s biggest potash miner by capacity, has helped engineer a surprising price rebound for the fertilizer by idling capacity. Now the trick will be keeping prices from appreciating too much to ensure a major would-be competitor, BHP Billiton, stays on the sidelines. BHP has been weighing an entry […] Read more
P+H to double down on northwestern Manitoba grain
UPDATED/CORRECTED, Aug. 17 — Winnipeg grain company Parrish and Heimbecker has plans to double its grain handle out of northwestern Manitoba with a new elevator and crop input centre. The company announced Aug. 1 it will put up a new facility in the RM of Gilbert Plains, with 25,000 to 30,000 tonnes of storage capacity […] Read more
Does deep banding work? New research aims to find out
The practice could make immobile nutrients more available for three major crops
Reading Time: 3 minutes The jury is still out on whether deep banding fertilizer is worth the time and money — but researchers across Alberta are hoping to settle the debate once and for all. “I don’t think there’s any proof yet that deep banding works,” said Ken Coles, general manager of Farming Smarter. “We want to have some […] Read more
Grain handle drops in CN’s first quarter
Reduced traffic in grain, fertilizers and petroleum, against increased costs from “challenging operating conditions,” ate into the first-quarter bottom line for Canadian National Railway (CN). Montreal-based CN on Monday booked net income of $741 million on total revenues of $3.194 billion for its quarter ending March 31, down from $884 million on $3.206 billion in […] Read more
Ammonia nurse tanks won’t be idled, say groups
Reading Time: < 1 minute Farmers shouldn’t worry about their nurse tanks being sidelined this spring, say Fertilizer Canada and the Canadian Association of Agri-Retailers. Revised Transport Canada regulations came into effect earlier this year that increase the frequency of hydrostatic testing and visual inspection of ammonia nurse and applicator tanks. The rule change has the potential to sideline a […] Read more
Global fertilizer prices set to fall
CNS Canada — Global fertilizer demand has been higher, leading to increased prices, but with more capacity coming online prices should start to fall, according to an analyst. “Urea prices globally have moved a little higher over the past few months. They’ve been relatively volatile, that’s just kind of a function of some better than […] Read more
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