Fertilisers, energy, metals and agricultural raw materials, freight and trade policy — what moved, and what it means for cargo and counterparties. How these notes are made.
LSB Industries' Q3 net income rose to $16.3M as ammonia netbacks climbed 32% to $528/ton on a shift to ammonium nitrate for mining.
Brazil urea climbs to $488/t on European gas costs, even as India's tender buy of 410,000t came in below expectations.
Mosaic flags a potential 40% phosphate supply gap versus normal demand, warning of physical shortages beyond just higher prices.
Yara's Q3 2026 EBITDA fell 16% to $675m on a 57% rise in European gas costs, though ROIC improved and European nitrogen volumes grew 4%.
Haryana suspends IPL DAP sales amid misrouted rakes, deepening India's fertiliser shortage during key wheat and mustard sowing season.
StoneX sees Brazil phosphate prices easing post-planting, but sulphur costs and Chinese export curbs limit downside; nitrogen stays firm, potash stable.
UN says a Hormuz fertiliser shipping corridor could launch within 10 days of a US-Iran deal, but delays risk missed planting seasons globally.
Mosaic lays off 199 workers at South Fort Meade as sulfur shortages force a six-month-plus idling of phosphate operations.
China's phosphate exports plunged from 5.3mt in 2025 to almost nil as sulfur shortages bite, keeping phosphate the priciest major nutrient; Argus sees 2mt rebound.
Record tanker rates from Middle East tensions are trapping heavy crude in North/South America, while Asia and Europe face heavy grade shortages.
Rail and port congestion from freight diverted to the Baltic could cut potash fertiliser supply by 1.5 million tonnes in Q4, industry estimates show.
Brazil's fertiliser imports fell 30% in September, with daily volumes at their slowest pace since 2023 as buyers face the highest prices since 2022.