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Podcast: Grain Markets and Other Stuff
Episode: Fertilizer Companies Are Printing Money… Farmers Aren’t
Description: 🧪 Fertilizer Stocks SurgeShares of CF Industries hit a record high Thursday, jumping as much as 14% intraday—its biggest one-day gain since 2020. CF controls roughly 40% of the North American nitrogen fertilizer market. Profit margins are likely expanding as nitrogen prices surge while the company benefits from cheap North American natural gas. Many global competitors are facing much higher gas costs or supply disruptions. Speculative buying may also be contributing. Shares of Nutrien, which controls about 22% of the North American nitrogen market, rose nearly 8%.It’s worth noting that most ammonia and UAN used in the US is prod...