The Iran conflict continues to impact trade and energy markets. StoneX Vice President of Fertilizer Josh Linville says the global crop nutrition market is also being influenced. “When you look at manufacturers like India, a lot of their production is gas-based, and a lot of their gas is imported from the Middle East; their last estimated production rates were around 70 percent.” Linville is worried about the spillover effect on the United States. “The problem is with us being such a steep discount to the world, those March vessels coming here can easily be turned to other destinations, and we can lose those very quickly,” said Linville. “I would still dare say our discount to the world puts us in jeopardy of seeing somebody buy up a bunch of barges and export it.”
