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Stock impact report

Sacrifice crops or cash? Farmers are left with no good options as fertilizer prices soar during the Iran war [Yahoo! Finance]

StoneX Group Inc. (SNEX) 
Company Research Source: Yahoo! Finance
A new American Farm Bureau Federation survey (1) of 5,700 farmers — conducted April 3 to 11 — found 70% of farmers cannot afford all the fertilizer they need this season, and nearly 60% say their finances have deteriorated due to rising fertilizer and fuel costs. Fertilizer prices are skyrocketing as the Iran war chokes the Strait of Hormuz, the narrow waterway between Iran and Oman through which a fifth of the world's oil and a significant share of agricultural inputs normally flow. Must Read Thanks to Jeff Bezos, you can now become a landlord for as little as $100 — and no, you don't have to deal with tenants or fix freezers. Here's how Robert Kiyosaki says this 1 asset will surge 400% in a year and begs investors not to miss this ‘explosion' Dave Ramsey warns nearly 50% of Americans are making 1 big Social Security mistake — here's how to fix it ASAP "This is heart-wrenching for farmers to decide — do I lose money, or do I cut fertilizer, or, like, what do I do?" Bryan Show less Read more
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