The ag sector is keeping a close eye on the fertilizer market amid tensions in the Middle East. Global nitrogen values started to rise following events earlier this week, which comes following months of tight supply.
Josh Linville with StoneX spoke with RFD-TV’s own Suzanne Alexander on the impact so far, tensions in the Middle East, and ripple effects felt by the U.S. port strike.
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Cotton margins improved slightly, even as fertilizer and fuel costs rose due to the Strait of Hormuz disruption linked to the Iran war.
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