ORGANISATION · US · NAICS 325311 Nitrogenous fertilizer manufacturing
CF Industries Holdings, Inc.
www.cfindustries.com · 2 documented exposures in the atlas.
Illinois fall anhydrous ammonia: a warm, late-drying fall with barge receipts in their usual range, autumn 2026
Exposed · Financial, remote · evidenced · Drought, 2026-10-29
“Weather conditions that delay or disrupt field work during the planting, growing, harvesting or application periods may cause agricultural customers to use different forms of nitrogen fertilizer, which may adversely affect demand for the forms that we sell or may impede farmers from applying our fertilizers until the following application period, resulting in lower seasonal demand for our products” — source, 2026-11-04
The 10-K names this exact mechanism: weather that blocks application moves demand to another product or to the next application period. CF's own site shows barge shipments of ammonia on the inland system and an ammonia terminal at Cordova, Illinois, on the Mississippi. Inferred: a short Illinois fall shifts CF tons and terminal fill into spring 2027; the Illinois share of CF sales is not disclosed.
Series concerned: il-anhydrous-usd-st lock27-ammonia-up-tons il-topsoil-short-vshort-pct · read the edition →
US phosphate: Mosaic curtails, citing limited affordable sulfur; US sulfur and phosphate exports are up in 2026
Exposed · Supply chain · evidenced · Supply shock, 2026-11-03
“a decline in global import demand for ammonia driven by phosphate production curtailments, in response to limited sulfur availability from the Middle East (which accounts for about half of globally traded sulfur supply), an input in the phosphoric acid production process” — source, 2026-11-13
The 10-Q names phosphate curtailments for lack of sulfur as a cause of weaker ammonia demand, and reports nine-month ammonia sales volume down 11 % partly on lower demand from customers who make phosphate fertilizers. The link shown is from curtailed phosphate output back to an ammonia seller. Inferred: the US phosphate producers are among those customers; the filing does not name them.
Series concerned: us-sulfur-domestic-consumption-kt us-dap-map-exports-p-st · read the edition →
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