Historic U.S. Drought Boosts Fertilizer Demands

CNBC reported that a historic drought throughout the U.S is creating great oppotunities for some fertilizer companies. The dought has boosted fertilizer shares, meanwhile devastating crops and raising food prices to record highs.

Corn is a crucial opportunity, because U.S. corn inventory has plunged 65 percent from earlier estimates […] The resulting high prices will encourage farmers to plant more acres and use more nitrogen fertilizer, driving revenue higher for fertilizer companies.

Click here to read the full CNBC report.