Monday, August 2, 2021

Agriculture – fertilizer stocks

The fertilizer industry is riding on the strength in the global agriculture markets. Factors like solid farm income and expectations of increased planted acres are expected to drive demand for fertilizers globally.  The U.S. Department of Agriculture estimates 92.7 million acres of corn planted in the United States for 2021, up 2% from last year. Soybean area planted is projected at 87.6 million acres, up 5% from 2020.

(by market cap)                        
Ticker  Company name Mkt Cap (USD)
  1. NTR  Nutrien Ltd.; 35.38B; Canada-based; continues to expand its footprint in Brazil through acquisitions, including Tec Agro.
  2. SQM  Sociedad Química y Minera de Chile  15.93B; Chile; low-cost producer of potassium chloride, potassium sulfate and potassium nitrate
  3. MOS  The Mosaic Company; 12.07B;  Florida-based
  4. BG  Bunge; 10.79B; Missouri
  5. CF  CF Industries; 9.82B;  Illinois-based
  6. SMG  Scotts Miracle-Gro; 8.46B; Ohio
  7. UAN  CVR Partners; 643.33M; Texas-based
  8. IPI  Intrepid Potash; 391.11M;  Colorado-based
©Artremis / EAS (9/10/21)

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