Agricultural commodity traders gain on positive US planting data, fertilizer demand

Nutrien

13/05/2025 19:44

** Shares of agricultural commodities traders rise in afternoon trade

** "Fertilizer stocks are up likely on good U.S. planting data and strong global demand for fertilizer, which could send prices higher" - Morningstar analyst Seth Goldstein

** Based on the latest U.S. Department of Agriculture (USDA) report, corn plantings are 6% ahead of the 5-year average percent planted, while soybeans are 11% ahead

** "This bodes well for farmers buying other crop inputs including fertilizer and crop protection chemicals" - Goldstein added

** Mosaic MOS.N rises 3.8% and Bunge Global BG.N up 3.9%

** Archer-Daniels-Midland ADM.N rises 2.3% and CF Industries CF.N up 4.4%

** Shares of Canada-based Nutrien NTR.TO up 2.6%

 (Reporting by Pooja Menon in Bengaluru)

 ((Pooja.Menon@thomsonreuters.com;))