Agricultural chemical and seed company Corteva beat Wall Street estimates for fourth-quarter profit on Wednesday as higher prices in its seeds business offset lower volumes and announced plans to repurchase nearly $1 billion shares in 2024.
Tag Archives crop inputs
Corteva profit beats on higher seed prices; plans $1 bln share buyback
Depressed seed sales offset by higher price in North American and European markets and higher corn acres
The year in cereal crop inputs
Several products are due on the market for 2024
Here we’ve put together a quick list of cereal crop inputs that were announced in our earshot during 2023, including several due out for the 2024 growing season. We’ve listed them here in no particular order and if we’ve inadvertently missed someone or something, let us know at [email protected]. Straxan fungicide Corteva bills its cereal […] Read more
Manitoba entrepreneur creates InputsPro for Prairie farmers
The new mobile app provides easier access to crop protection data
In 2021, Kristen Timmerman was studying agriculture in university when she set out to develop an ag-tech tool she says she believes was long overdue. The tool is InputsPro (inputspro.ca), a mobile app and website that provides farmers, agronomists, ag retailers and crop specialists with essential data culled from the government-issued crop protection guides for […] Read more
Nutrien misses quarterly profit estimates as potash prices plummet
Fertilizer demand expected to rise in Q4
Reuters — Nutrien fell short of analysts’ estimates for third-quarter profit on Wednesday, 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 […] Read more
More affordability, usage of fertilizers in 2024, analyst says
Israel's fertilizer output normal for now
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
New tool for Prairie farmers to help with fertility decisions
U of S researchers create a nutrient removal calculator specifically for producers in Western Canada
A new online tool developed by researchers at the University of Saskatchewan could help farmers in Western Canada make more accurate on-farm fertilizer decisions. The Prairie Nutrient Removal Calculator was officially released in early May. It provides up-to-date nutrient removal rates for 15 different crops commonly grown on the Canadian Prairies. The calculator is the […] Read more
Simplot to buy western Saskatchewan ag retail chain
G-Mac's AgTeam to rebrand under Simplot name
An independent crop input retail chain in western Saskatchewan is set to become part of agrifood firm J.R. Simplot’s retail arm. Simplot announced Nov. 15 it has a deal in place to buy G-Mac’s AgTeam, which owns and operates 15 outlets in the region, for an undisclosed sum. The deal, which will see the G-Mac’s […] Read more
Richardson makes first entry in branded crop inputs
Company launches new N stabilizer, CirrusX
Prairie grain handler and agribusiness Richardson Pioneer has launched itself into self-branded crop inputs with a nitrogen stabilizer, CirrusX. Steve Biggar, associate vice-president of fertilizer and energy products for Winnipeg-based Richardson, said it was the right time for the company to launch CirrusX because of new treaters the company has installed to allow liquid products […] Read more
Nutrien buys expanded ag retail presence in Brazil
Reuters — Top fertilizer maker Nutrien on Wednesday agreed to acquire Casa do Adubo S.A., as part of its ambitions to expand its Brazilian retail business. The deal marks Nutrien’s sixth acquisition in Brazil since 2019, when it set a strategic goal to build its market share in a country that is vital to feeding […] Read more
StatsCan predicts more Canadian wheat acres, less canola in 2022
Lentil, corn, soy acres are also expected up from 2021, barley down
MarketsFarm — Canada’s farmers intend to seed more acres to wheat and less to canola in 2022, according to the first survey-based estimates from Statistics Canada for the upcoming crop year released Tuesday. Canola area is forecast at 20.9 million acres by the government agency, which would be down by seven per cent from the […] Read more