Fertilizer Stocks Gain as Ukraine Hits Russian Plants

Fertilizer stocks jumped after Ukraine said drones had hit two fertilizer plants in western Russia, on concerns that geopolitical tensions will affect supply chains for key crop nutrients.

Drones hit Acron and Dorogobuzh facilities, which produce nitric acid, ammonia and other materials used to manufacture explosives, Ukraine’s Commander of the Unmanned Forces Robert Brovdi said on Facebook.