"I am very pleased to report that Agrium delivered record results for both the fourth quarter and the year. Our earnings from continuing operations were more than double last year's level and we generated over $1 billion in cash this quarter. These impressive results were achieved despite global economic uncertainties that impacted commodity prices and led to buyer uncertainty in the later part of the year. We believe that the underlying fundamentals for the agriculture sector remain strong as crop inventory levels for most crops remain well below normal levels and in some cases are critically low," said Mike Wilson, Agrium President and CEO.
AGU posted impressive earnings despite headwinds of low corn and wheat prices. It seems after dropping for the past 6-7 months the corn and wheat prices may improve as the economy and things may look very bright for AGU. There could be a potential that corn goes up and so goes AGU; it may shoot for 100.