CALGARY, Alberta -- Agrium Inc. (TSX and NYSE: AGU) announced today that its net loss for the first quarter of 2007 was $11-million ($0.08 diluted loss per share), an improvement over a net loss of $48-million ($0.37 diluted loss per share) for the same period in 2006. 

“Our first quarter activity largely focused on positioning us to benefit from the very strong industry conditions we are seeing today.  We expect the spring of 2007 to be the best we have ever seen, despite some impact from weather issues and rail service disruptions,” said Agrium President & CEO Mike Wilson.  “Industry fundamentals remain very strong in both the short and medium-term,” continued Mr. Wilson.

To view the full financial results click here.