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NTR - Russia to ban grain exports to Europe until August
Nutrien Ltd.
According to state-owned Russian news, Russia has decided to ban grain exports to Europe until August 31st. The ban is said to include wheat, rye, barley and corn. The news comes following a decision Thursday to suspend fertilizer exports. The food and fertilizer embargo is sure to support US fertilizer producers like CF Industries (NYSE:CF), Mosaic (NYSE:MOS), CVR Partners (NYSE:UAN) and Nutrien (NYSE:NTR).