Keep an eye on stocks like Deere (DE).

Especially with the world running into a potential food crisis.

All thanks to skyrocketing fertilizer prices on the heels of Russia’s invasion.  After all, “Russia is a key global player in natural gas, a major input to fertilizer production. Higher gas prices, and supply cuts, will further drive fertilizer prices higher. Russia is one of the biggest exporters of the three major groups of fertilizers (nitrogen, phosphorus and potassium). Physical supply cuts could further inflate fertilizer prices,” says MSN.com.

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Plus, as noted by Fox News:

Farmer Ben Neal says, “We’re getting hit on every front on every expense possible, from fertilizer to fuel to labor insurance, everything in between — our packing supplies. I think that that will soon be reflected at the grocery stores. On top of what we’re already seeing, these fertilizer price increases haven’t really affected the grocery store prices yet. They will start coming this summer.”

As things get worse, Deere could benefit.  As noted by Bloomberg, “Farm machinery companies like Deere (DE) and AGCO (AGCO) will benefit from rising grain prices, as an already robust demand outlook, will now be fueled by the war.”

From Ian Cooper

Author, Trigger Point Trade Alerts