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Tuesday, September 23, 2014

Agrium sees low corn price driving farm retail M&A, (NYSE: AGU), (TSE: AGU.TO)

Canada's Agrium Inc, which owns the biggest North American network of retail stores selling seed, chemicals and fertilizer to farmers, sees opportunities for consolidation due to a weakening U.S. corn price and the growing size of farms, Chief Executive Officer Chuck Magro said on Tuesday. Magro, speaking at a Scotiabank investor conference in Toronto, said one of Agrium's highest priorities for use of its capital are tuck-in farm retail acquisitions in the United States. He said the company also wants to grow its retail business in Brazil.

Agrium Inc. (Agrium) is a global producer and marketer of nutrients for agricultural and industrial markets. Shares of AGU traded higher by 1.74% or $1.61/share to $93.90. In the past year, the shares have traded as low as $81.60 and as high as $97.97. On average, 558559 shares of AGU exchange hands on a given day and today's volume is recorded at 562166.

Agrium Inc. (Agrium) is a global producer and marketer of nutrients for agricultural and industrial markets. Shares of AGU traded higher by 1.87% or $1.9/share to $103.75. In the past year, the shares have traded as low as $84.83 and as high as $108.28. On average, 349429 shares of AGU.TO exchange hands on a given day and today's volume is recorded at 174422.



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