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Stock impact report

Iran war deprives US farmers of affordable fertilizer as spring planting looms [Yahoo! Finance]

StoneX Group Inc. (SNEX) 
Company Research Source: Yahoo! Finance
year of low profits or losses, now could have spring planting disrupted as they struggle to find fertilizer, ?and prices for any available supplies have spiked more than a third since the war in Iran paralyzed global trade. The U.S., ?which in some years imports half of its urea fertilizer, is about 25% short of the usual supplies that farmers buy for spring planting, according to The Fertilizer Institute, ?which represents the U.S. fertilizer supply chain. Supplies could grow still scarcer if fertilizer destined for the U.S. gets rerouted to other places willing to pay more for it, an analyst said. Josh Linville, a fertilizer market analyst at StoneX, said the price offered in New Orleans, the port area where most offshore U.S. imports enter and prices are set, is as much as $119 less per metric ton than global prices. "Not only am I worried about ?incoming vessels being turned around to other, better-paying ?destinations, there's an argument to be made, if somebody was willi Show less Read more
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