The shares of major fertilizer producers Nutrien (NTR) and Mosaic (MOS) have been under pressure since the beginning of July. The negative sentiment can be attributed to the recent weakness in fertilizer prices, especially ammonia and phosphates.
Potash has fared better, but the real test will be the upcoming annual negotiations with China and India. The outcome of these negotiations will have a bearing on Nutrien's and Mosaic's outlook for the next 18 months.
Weaker Fertilizer Prices
Every week, Mosaic releases its Plant Nutrient Price Dashboard which provides a good overview