Fertilizer Stocks Head for Best Year Since 2009 As Prices Soar
North American fertilizer firms outperform the broader stock market in 2021 amid strong farmer demand and supply constraints.
North America’s top fertilizer producers are posting their best stock gains in years, with CF Industries Holdings Inc. leading in an industry that benefited from record high prices.
CF Industries, a major player in nitrogen fertilizer, has soared 67% in 2021 through last week — on pace for its best year since 2009 — making the U.S. company the second-best performer on Standard & Poor’s 500 materials index this year. Mosaic Co. is also having its best year since 2009, with its stock climbing 58%, while shares of Canadian rival Nutrien Ltd. have gained 49%. All three, along with the broader stock market, slipped early Monday.