Business
Fertilizer stocks are coming back to earth, dragged down by falling crop prices
Falling crop prices are threatening what has been the best bet in the stock market for the past two years.
Shares of fertilizer manufacturers, including Mosaic Company and CF Industries Holdings Inc., has been pulled down in recent weeks by reducing the price of corn, wheat and other crops. Although fertilizer stocks are still above the levels they traded before the pandemic, since spring they have largely reduced their 2022 gains.