11:05 AM EDT, 09/30/2024 (MT Newswires) -- Fertilizer equities rose again along with strength across the materials sector, partly driven by Chinese government stimulus, RBC Capital Markets said in a note over the weekend.

RBC said market news was headlined by the continued nitrogen strength due to supply challenges heading into the fall seasonal demand period.

Heading into the fourth quarter, RBC sees the major discussion points for nitrogen to be risk/reward around seasonal demand and EU natural gas direction into the Winter.

RBC is also monitoring phosphate price dynamics given tight supply, as well as the potash market direction as prices bounce along bottoms.

Price: 65.15, Change: -0.07, Percent Change: -0.11