BanksPhotos/E+ via Getty Images CVR Energy (NYSE:CVI) +2% post-market Monday after saying it will explore a potential spinoff of its interests in the nitrogen fertilizer business, which is owned by CVR Energy through the general and limited partner interests it holds in CVR Partners (NYSE:UAN). The potential spinoff would create a new public company for … Read more
Article content Toronto, ON, Canada , Nov. 21, 2022 (GLOBE NEWSWIRE) — SOPerior Fertilizer Corp. (the “Company”) (NEX:SOP.H). Further to its press release on November 2, 2022, the Company is announcing another change to the expected timing of payments from a counterparty related to a JV Agreement (“JV”) for the development of its Blawn Mountain … Read more
The energy crisis in Europe is having a knock-on effect in the grain industry, where fertilizer — which requires a lot of energy to produce – is in short supply. Source link
Breadcrumb Trail Links PMN Business Author of the article: The Associated Press Rodney Muhumuza Article content KAYUNGA, Uganda (AP) — Moses Wamugango peered into the plastic vats where maggots wriggled in decomposing filth, the enviable project of a neighbor who spoke of the fertilizer problem he had been able to solve. The maggots are the … Read more
The market is struggling and has taken some of the IBD 50 stocks down with it. CF Industries (CF) and some of the oil stocks have hit 7% to 8% sell signals. Among consumer stocks, Lululemon (LULU) and Ulta Beauty (ULTA) are uncertain. X Lululemon Athletica is new to the IBD 50. It has not … Read more
Breadcrumb Trail Links PMN Business Author of the article: Article content UNITED NATIONS — Russia on Tuesday questioned a U.N.-brokered deal with Ukraine to boost grain and fertilizer exports by both countries, accusing Western states of failing to honor pledges to help facilitate Moscow’s shipments. Russia and Ukraine are both key suppliers of food and … Read more
Joa_Souza/iStock Unreleased via Getty Images Brazilian antitrust regulator CADE on Tuesday approved the sale of Petrobras’ (NYSE:PBR) REMAN refinery to Ream, but said the buyer would need to take measures to guarantee that other fuel distributors have access to the plant’s waterway terminal. The company had agreed to sell the refinery in Brazil’s northern Amazonas … Read more
Breadcrumb Trail Links PMN Economy PMN Business Author of the article: Article content SAO PAULO — Brazil is poised to produce more than 300 million tonnes of grains in 2022/2023 even as some farmers may cut fertilizer applications, Andre Pessoa, head of agribusiness consultancy Agroconsult, said on Tuesday. Brazil will start planting soybeans and summer … Read more
The conflict in Ukraine has had a direct impact on fertilizer stocks. Eastern Europe is a wheat belt and a significant fertilizer exporter. The war has escalated the price of wheat and also that of fertilizers, both of which are significant imports for the U.S. X IBD readers, therefore, may not be surprised to find … Read more
Bim/E+ via Getty Images Canadian Prime Minister Justin Trudeau’s proposal to cut fertilizer emissions by 30% as part of the government’s goal to reach net-zero emissions by 2030 is causing intense backlash from farmers and agriculture groups, who say the target will threaten food supplies, raise prices and cost farmers billions in lost revenue. Production … Read more