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Digging Into Ag Companies' Results

May 21, 2018 at 09:15 AM CST
Unfavorable weather weighed on the most recent quarterly results for many of the agriculture companies we cover, as a delayed start to the U.S. planting season reduced sales across every crop input category. While seed sales should bounce back in the next quarter, we expect lower quantities of nitrogen and crop chemicals will be used in 2018 as the late start reduces midseason applications. However, stronger potash demand outside North America should more than offset stagnant or slightly reduced demand in North America.