00:00It's Benzinga, bringing Wall Street to Main Street.
00:02A surge in fertilizer prices linked to Middle East fighting is boosting shares of North
00:07American fertilizer producers while raising costs for U.S. farmers ahead of spring planting,
00:12according to the Wall Street Journal. Disruptions have reduced the global supply of ammonia,
00:17urea, sulfur, and phosphates and blocked about 20% of liquefied natural gas supply used by
00:22fertilizer makers overseas. European natural gas prices have climbed 58% since the bombardment
00:29of Iran began, while U.S. gas futures are up 13%, giving American producers a cost advantage.
00:36Shares of CF Industries have risen 76% this year, while Mosaic and Nitrogen are up 30% and 36%.
00:43Farmers report fertilizer prices have risen about 30%. Some growers plan to plant more soybeans or
00:50reduce fertilizer use, lowering expected crop yields. For all things money, visit Benzinga.com.
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