BUZZ-Fertilizers CF, Nutrien, Mosaic rise as urea prices climb on Middle East conflict

Mosaic Company -1.39%
Intrepid Potash, Inc. +4.09%
CF Industries Holdings, Inc. +1.55%
Nutrien Ltd. +1.22%

Mosaic Company

MOS

26.17

-1.39%

Intrepid Potash, Inc.

IPI

43.80

+4.09%

CF Industries Holdings, Inc.

CF

129.97

+1.55%

Nutrien Ltd.

NTR

75.47

+1.22%

** U.S. fertilizer stocks jump in early morning trading as urea price climbs amid widening Middle East conflict

** CF Industries CF.N climbs 6.5%, Mosaic MOS.N rises 3.1% and U.S.-listed shares of Nutrien NTR.N up 2.4%

** The companies produce nitrogen-based fertilizers like urea, whose prices have soared as the U.S.-Israeli air war against Iran disrupts shipping through the vital Strait of Hormuz

** Higher urea prices typically support margins for producers

** Commodity price reporting agency Argus Media says urea prices surged as the Middle East conflict threatens to choke supply from a region that accounts for around 35% of global seaborne urea trade

** In the past 12 months, CF is up nearly 25%, NTR gains 43% and MOS rises 11%