As conflict breaks out in the Middle East between Israel and Iran, markets have begun to react as anyone would normally expect. Stock indexes, such as the NASDAQ-100 and S&P 500, have leveled off in a risk-off response, and oil prices have risen by over 6% during the past week alone. However, there is one not-so-obvious market that investors could (and should) look at today.
This market is the fertilizer industry, a part of the basic materials sector that is as pivotal to the global food supply as transport and everything else. Iran's role in this theme is that it has become the eleventh-largest exporter of fertilizers, which isn’t such a crowded position to begin with.
