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Stock Market & Financial Investment News

News For AGU From The Last 14 Days
Check below for free stories on AGU the last two weeks.
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April 15, 2014
12:56 EDTAGUAgrium files U.S. $2.5B mixed securities shelf
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April 9, 2014
12:04 EDTAGUU.S. corn exports projected to increase 125M bushels
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April 4, 2014
13:12 EDTAGUCanpotex announces agreement with Indian customers
Canpotex announced that it has agreed to an annual contract with its government and private sector partners in India to supply approximately 1 million tonnes of potash at a price of $322.00 per tonne on a CFR basis. Dechka also confirmed that Canpotex intends to expand its market development programs in India in future to help provide Indian farmers with the educational and other tools needed to improve yields through balanced fertilization and best management practices. Canpotex is the exclusive offshore marketing company owned by the three Saskatchewan potash producing companies: Agrium (AGU), Mosaic (MOS), and Potash Corporation of Saskatchewan (POT).
April 3, 2014
09:34 EDTAGUAgrium downgraded to Neutral from Overweight at HSBC
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April 2, 2014
12:33 EDTAGUOn The Fly: Midday Wrap
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10:53 EDTAGUAgrium slips after warning on late planting season impact on earnings
Shares of agricultural nutrients producer Agrium (AGU) are slipping after the company warned that it expects first quarter earnings per share just above breakeven. WHAT'S NEW. Agrium announced that the late spring season this year is expected to result in first quarter earnings per share just above breakeven, while analysts' consensus estimate prior to the announcement stood at 53c per share. The company said the slow start to the spring season is expected to impact the timing of its wholesale, and to a lesser extent its retail, earnings. First quarter wholesale results were also impacted by reduced rail availability and the usual lag in realized wholesale nutrient prices, Agrium added. Additionally, the Carseland nitrogen facility experienced a failure in March, which has resulted in an unplanned shutdown to make repairs that are expected to be complete in the second half of May. The shutdown is anticipated to lower product availability of urea by approximately 100,000 tonnes and ammonia by approximately 20,000 tonnes in the second quarter, Agrium noted. WHAT'S NOTABLE: On February 20, Agrium said that it expected FY14 North American spring crop area to be near FY13. It said that it projected crop nutrient shipments to be strong in the first half of FY14, in part due to a shorter fall application season in FY13 due to weather. Agrium projected North American nitrogen demand to decline about 2%-4% in FY13/FY14 due primarily to reduced corn acreage, while global nitrogen demand is projected to increase by 1.5%-2% in FY14 from FY13 levels. OTHERS TO WATCH: Agrium's peers in the fertilizer industry include Mosaic (MOS) and Potash (POT). PRICE ACTION: During morning trading, shares of Agrium fell 1.76% to $95.80, Potash dropped 1.6%, and Mosaic slipped 0.7%.
09:18 EDTAGUOn The Fly: Pre-market Movers
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09:00 EDTAGUAgrium falls 2.7%
Agrium is down 2.7%, or $2.68, to $94.84
07:21 EDTAGUAgrium sees Q1 EPS just above breakeven
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