Fertilizer stocks outperform after Ukraine hits Russian fertilizer plants

Shares of fertilizer stocks, including Mosaic (MOS), Nutrien (NTR), Intrepid Potash (IPI), FMC (FMC), and CF Industries (CF), jumped on Thursday after Ukraine said its drones hit two fertilizer plants in western Russia. The latter is a major global fertilizer exporter. A drone attack caused a large fire at a chemical plant in the Russian city of Veliky Novgorod overnight on December 11, according to regional authorities and several monitoring Telegram channels, said The Kyiv Independent.