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Tag Archives Potash

(PortOfThunderBay.com)
Crops, Markets

Thunder Bay grain shipments up on year

Grain traffic contributes to increase in overall cargo handle

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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

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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
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

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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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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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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
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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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

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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
The Mosaic Co. potash mine at Colonsay, Sask., southeast of Saskatoon. (MosaicInCanada.com)
Crops, Reuters

Mosaic says stockpiles too high to restart Saskatchewan mine

Company expects Russia, Belarus 2023 potash exports at 2022 level

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Winnipeg | Reuters — Fertilizer producer Mosaic Co. does not currently see the right market conditions to restart its idled Saskatchewan potash mine, with high inventories in the U.S. and Brazil and cold weather slowing trains from Canada, CEO Joc O’Rourke said Wednesday. Mosaic curtailed potash production in December at its Colonsay, Sask. mine, but […] Read more

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