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Shares of Mosaic, Terra Nitrogen and CVR Partners fell 15.8%, 11.2% and 21% in May 2017. The declines followed a continued multi-year slump in nitrogen fertilizer prices that hurt first-quarter earnings for the companies.
Weak nitrogen and phosphate prices lower grower input costs, which is supportive for feed producers, but the equity moves reflect company finances rather than a physical supply shock.
fool.comMaxx ChatskoJun 7, 2017Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
