# PotashCorp Q3 profit disappoints ahead of merger - AgCanada

> Reuters reported that PotashCorp's third-quarter profit came in below expectations and it narrowed its full-year forecast, pressuring its stock. Potash prices have leveled off after hitting eight-year lows late last year. The merger with Agrium, to form Nutrien, remains under review in the US and China, and India has approved it with conditions.

- Date: 2017-10-26 · published 2017-10-26T12:00:00.000Z
- Category: report · region Canada · magnitude low
- Page: https://feedsoft.ai/events/68780-potashcorp-q3-profit-disappoints-ahead-of-merger-agcanada
- Commodities: [Potash (KCl)](https://feedsoft.ai/c/POTASH.md)

## Why it matters

Potash prices have stabilized rather than recovered, and fertilizer consolidation is aimed at idling excess capacity. Buyers should expect limited near-term price relief from the sector's restructuring.

## Read by commodity

- POTASH: neutral

## Sources

- agcanada.com: https://www.agcanada.com/daily/potashcorp-q3-profit-disappoints-ahead-of-merger

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.