Following the likely breakup of the Belarusian Potash Corp cartel, the potash fertilizer market was thrown into a frenzy. Major producers witnessed their market caps drop by as much as 25% in one day. Due to the long-term prospects of the entire fertilizer market, these new valuations might present an interesting entry point for those of us that haven't invested in the agriculture space just yet. 

This short-term blip might affect some major Canadian potash producers, but companies like CF Industries (NYSE:CF) avoided that whole debacle and emerged from the second quarter with tremendous results. Being leveraged so highly to nitrogen-based fertilizers paid off handsomely for the company. What else should investors be looking at in this space given the new market dynamics? Tune in below to find out. 

Joel South has no position in any stocks mentioned. Taylor Muckerman has no position in any stocks mentioned. The Motley Fool owns shares of CF Industries Holdings. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.