Wednesday, 4 May 2011
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US corn sowing delays stoke drop on Agrium shares
Shares in Agrium tumbled 6%, leading fertilizer shares lower, after the farm retail and fertilizer group highlighted a list of hurdles - including lower-than-forecast US corn sowings - to profits growth in the current quarter. The Canada-based company revealed it had got off to a better-than-expected start to the year, helped by a scramble by growers for fertilizers and herbicides to maximize
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