11:04 AM EDT, 10/21/2024 (MT Newswires) -- RBC Capital Markets 0n Monday said fertilizer equities fell over the past week due to weakness in broader materials, crop prices and oil.

RBC said interest in the sector remains somewhat muted ahead of the third-quarter earnings season given soft agriculture conditions and relatively stable but "boring" fertilizer price dynamics.

RBC added that it remains biased toward nitrogen given still strong margins for North American producers, although investors have raised concerns on EU nat gas volatility into the winter.

Meanwhile, RBC said phosphate prices remain elevated but with potential downside given affordability challenges.

Lastly, RBC said potash remains stable, with good affordability and volumes, but little upside in prices.

Price: 65.18, Change: -0.66, Percent Change: -1.00