Sunday, April 17, 2022

Union Pacific Cuts Fertilizer Shipments (?!??!!)

Sundance picks up some very interesting news.

...Against this backdrop CF Industries, one of the world’s largest manufacturers of hydrogen and nitrogen fertilizer, is warning its customers that Union Pacific Railway Lines is now restricting the amount of container tonnage they will permit....

There IS a shortage of fertilizer resulting in a huge spike in the price of same.  This--prospectively--will make that shortage worse in the US.

Now the fun part:

The two largest shareholders of Union Pacific AND CF Industries have the same names:  Vanguard and Blackrock

Hmmmmmm.

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