Strikes on railroads in the U.S. threaten not only the transportation of coal, lumber and products. But also the transportation of ammonia, which makes up 75% of all fertilizers.
U.S. farmers, in the face of record drought, low field seeding and yields, are in dire need of fertilizer. Fertilizer companies expect the slowdown in supplies to affect shipments starting this week.
For this reason, farm finances in the U.S. are likely to continue to deteriorate and the expected crop is getting smaller, pushing prices for both fertilizer and agricultural products to skyrocket again.