CF Industries (CF) traded higher on Monday, April 13, 2026 (up about 3% to roughly $125), as the market repriced nitrogen producers on sustained tightness in global urea supply. Even after a two-week U.S.-Iran ceasefire announced last week, shipping through the Strait of Hormuz remained slowed, keeping urea prices elevated and maintaining a supportive setup for North American nitrogen margins. (apnews.com)

Urea is a globally traded nitrogen fertilizer benchmark, and disruptions to export flows through the Persian Gulf can quickly lift global clearing prices. With Gulf producers and transit routes still impaired, U.S.-based producers with reliable domestic production are viewed as beneficiaries—particularly heading into peak North American demand tied to spring planting and replenishment buying. (apnews.com)

Traders will focus on whether logistics through Hormuz normalize fast enough to relieve nitrogen tightness, and whether high urea pricing holds as farmers place late-season orders. The next leg for CF will likely hinge on real-time fertilizer quotes, the trajectory of natural gas input costs, and any additional signals that global nitrogen availability is improving or worsening. (tradingeconomics.com)