Potash Corp, Agrium in Merger Talks

Jason Minor, a senior chemicals analyst, discusses the potential merger between Agrium and Potash Corp, highlighting the market dynamics and risks involved. The merger is likely an all-share combination due to the volatile nature of the commodity market. The discussion also covers the role of the Canadian cartel, Camp Attacks, and its impact on global markets. The industry faces overcapacity issues, signaling a possible bottom in the market cycle. BHP's recent decisions and past offers for Potash Corp are also examined, reflecting broader industry challenges and opportunities.

In what ways might the merger signal a potential industry bottom?

What implications does the cash flow problem have for companies like Potash Corp?