There's a lot of discussion around the portential for the Israel - Humas conflict to escalate.
The key concern of course is the loss of human life and the humanitarian need.
Josh Linville is vice president of Fertilizer for Stone X Financial and is following the impact on the fertilizer market as Israel is the fourth largest exporter of potash in the world.
In his newsletter this morning he noted that so far, the attack does not appear to be impacting the fertilizer markets.
He notes any impact will likely be non-directly related in the form of rising energy values.
Linville points out that with war premiums being factored into values, we need to keep tabs on natural gas pricing.
He has also been monitoring the Russia-Ukraine conflict as both countries are key grain exporters, while Russia is also a key fertilizer supplier.