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PotashCorp reported first-quarter 2017 earnings of $0.18 per share and operating cash flow of $223 million, and raised full-year guidance to $0.45-$0.65 per share. The company said potash fundamentals improved and it expects its merger with Agrium to close mid-2017.
Improving potash fundamentals and a Rocanville cost reduction point to firmer potash supply economics, though the company-level earnings news has limited direct effect on feed grain prices.
einpresswire.comApr 27, 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.
