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PotashCorp reported third-quarter 2017 earnings of $0.06 per share, including a $0.03 non-cash impairment charge in phosphate. The company posted record quarterly potash sales volumes and higher price realizations, and it narrowed full-year 2017 earnings guidance to $0.48-$0.54 per share.
It also said the Agrium merger is expected to close by the end of 2017.
Record potash sales volumes and higher realized prices point to firm demand and a supportive potash price outlook for fertilizer buyers. The pending merger may change how the industry sells fertilizer and seed.
prnewswire.comPotash Corporation of Saskatchewan Inc.Oct 26, 2017Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
