
CF Industries said first-nine-months net earnings reached $1.78 billion, up from $1.05 billion a year earlier, with third-quarter earnings of $2.87 per share. Higher nitrogen prices, linked to tight global supply and the Iran conflict, offset a 5% fall in sales volumes.
The Yazoo City, Mississippi, outage after a November 2025 incident reduced ammonium nitrate and UAN output.
Tight nitrogen supply linked to the Iran conflict keeps urea and ammonia prices firm, which raises fertilizer costs for grain and oilseed producers. Those costs can feed through to corn and feed-ingredient prices over the coming season.
After 76 past bullish report events, Urea moved a median 0.0% over 5 sessions (49% higher; middle half -2.2% to +2.9%), and -0.3% over 20.
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.