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Why Mosaic Stock Crashed on Tuesday
Shares of fertilizer giant Mosaic (NYSE: MOS) tumbled 10.3% through 9:45 a.m. ET on Tuesday, erasing two weeks of gains in the space of just 15 minutes of trading. There’s no hard news to explain why Mosaic stock is falling, but in a note out this morning, StreetInsider.com pointed to a likely catalyst: peace talks between Ukraine and Russia as negotiations begin in Turkey, and Russia’s promises to “reduce military action” in the northern parts of Ukraine, reports TheHill.com today. The conflict in Ukraine and the resulting sanctions on Russia have combined to send the prices of natural gas (used to produce nitrogen fertilizer), fertilizer itself, and fertilizer stocks up sharply since last February.
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