Fertilizer Stocks to Monitor - March 29th

As of March 29th, three notable fertilizer stocks are drawing attention in the market. These stocks are Union Pacific, Canadian Pacific Kansas City, and CSX. The term "fertilizer stocks" pertains to the reserves of various fertilizer products kept by manufacturers, distributors, or retailers to fulfill both current and future agricultural needs. These companies play a vital role in security for the supply of essential nutrients required for crop growth, helping to stabilize market conditions and reduce the effects of supply chain issues in agriculture.

Union Pacific (UNP)

Union Pacific Corporation, through its subsidiary Union Pacific Railroad Company, is a leading player in the railroad industry within the United States. The company provides transportation services that include grains, fertilizers, food products, coal, and renewable energy resources. Their clientele spans across grain processors, livestock feeders, ethanol and renewable biofuel producers, along with various industrial sectors.

On Friday, Union Pacific's shares traded at $232.06 after a decline of $3.91. The trading volume stood at 1,917,148 shares, slightly below the average of 2,425,716. Union Pacific has a market capitalization of $140.23 billion with a price-to-earnings ratio of 20.93. Its stock price has been fluctuating between a 52-week low of $218.55 and a high of $258.07.

Canadian Pacific Kansas City (CP)

Canadian Pacific Kansas City Limited operates a transcontinental freight railway across Canada, the United States, and Mexico. The company is involved in transporting a wide range of bulk commodities, including grain, potash, fertilizers, and various other goods like forest products, energy solutions, and metals.

During midday trading on Friday, their shares were priced at $69.31, which is a decrease of $2.24. The volume of shares traded was 4,274,392, surpassing its average volume of 2,526,440. The company has a market cap of $64.72 billion and a PE ratio of 23.90, with a 52-week price range stretching from $69.28 to $89.26.

CSX (CSX)

CSX Corporation offers rail-based freight transportation services. Their operations include transporting intermodal containers, agricultural materials, and various chemical products, as well as coal and metals. This variety in services enables CSX to cater to numerous sectors including industrial plants and coal exports.

On Friday, shares of CSX were down by $0.81, reaching $29.11. The trading volume was reported at 9,591,226 shares, compared to an average of 12,325,271. CSX's market capitalization stands at $54.86 billion, with a PE ratio of 16.26. Its stock is within a 12-month low of $28.98 and a high of $37.10.

It's important for investors to keep a close watch on these stocks, as they represent key elements within the agricultural supply chain.

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