The United States is witnessing decade-high food prices owing to high inflation, rising energy and commodity prices, and global supply chain constraints. Nevertheless, increasing consumer spending this festive season has been surging the demand for fertilizers and crop nutrients to produce better crop quality and yield, driving its prices. To overcome these issues, some countries have stopped exporting their crop nutrients to support their domestic availability.
However, falling natural gas prices (a key ingredient in making nitrogen-based fertilizers) and technological integration in seed sciences to produce genetically modified seeds should help companies produce better crop yields, promote sustainable agriculture, and witness good sales in the upcoming months. So, both CTVA and MOS should benefit.