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Agrium in Discussions to Sell AWB Commodity Management Businesses

CALGARY, ALBERTA--(Marketwire - 12/14/10) - Agrium Inc. (TSX:AGU - News)(NYSE:AGU - News) today announced that it is in discussions with a number of interested parties for the sale of the AWB commodity management businesses. Agrium is issuing this press release in response to speculative articles in the Australian press with respect to the possible sale of the AWB commodity management businesses.No definitive agreement has been entered into with respect to the sale of the commodity management businesses and accordingly no assurance can be given that any agreement will be entered into or any sale completed. Agrium will make no further announcements or communications until either an agreement for the sale of the AWB commodity management businesses has been reached or discussions are terminated without any agreement being reached.