Another Black Swan Could Swoop into the Fertilizer Market

 Last week, roughly 3,000 Canadian Pacific Railway Ltd. (CP Rail) workers voted 96.7% in favor of going on strike starting March 16 if a collective bargaining agreement is not penned, according to CP Teamsters.

CP Rail halts would mean trouble for agricultural stakeholders like Nutrien, who has spoken out against the planned strike.

“Nutrien relies on rail and a CP Teamsters strike could impact our ability to move potash, nitrogen, and crop inputs to our retail locations across Canada ahead of the upcoming spring application season, potentially reducing crop yields later in the year,”...

The company has since urged the Canadian government to intervene before another “transportation crisis” arises.

The Fertilizer Institute, along with various agricultural associations, mirrored Nutrien's comments in a letter to the White House, urging the administration speak with the Canadian government to revert a strike and rescind the cross-border vaccine mandate...MORE