Fertilizer Prices: Nutrien, traded as NTR.TO, is a major fertilizer producer. Higher fertilizer prices directly boost Nutrien's revenue and profitability, thus increasing its stock price. Lower prices have the opposite effect. Crop Prices: Farmers' profitability influences their fertilizer demand. Higher crop prices encourage farmers to plant more and use more fertilizer, benefiting Nutrien. Lower crop prices can reduce fertilizer demand and Nutrien's earnings. Weather Conditions: Extreme weather, such as droughts or floods, can impact crop yields and fertilizer demand. Favorable weather for agriculture generally supports higher fertilizer demand. Global Economy: Economic downturns can reduce agricultural investments and fertilizer demand. Strong economic growth typically supports increased fertilizer use. Geopolitical Events: Events such as trade wars, sanctions, or conflicts can disrupt fertilizer supply chains and affect prices, impacting Nutrien's stock. Natural Gas Prices: Natural gas is a key input in nitrogen fertilizer production. Fluctuations in natural gas prices affect Nutrien's production costs and profitability. Company Performance: Nutrien's earnings reports, production volumes, and strategic decisions all influence investor sentiment and the stock price.