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Fertilizer Sector Was Broadly Positive: Week Ending September 15

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Fertilizer Sector Was Broadly Positive: Week Ending September 15 PART 1 OF 7

Fertilizer Sector Performance for the Week Ending September 15

Sector performance

For the week ending September 15, the agricultural fertilizer sector was broadly positive. The VanEck Vectors Agribusiness ETF (MOO) ended last week 1.1% higher—compared to the beginning of the week. On the other hand, the S&P 500 Index (SPY) ended last week almost flat.

Recently, we published our list of the top ten agribusiness stocks. To learn more, read Your Top 10 Agricultural Chemicals Stocks. Let’s look at how some of the major fertilizer stocks performed last week.

Fertilizer Sector Performance for the Week Ending September 15

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Company performance

Last week, CVR Partners (UAN) was the biggest gainer among the companies in the above chart. It rose as much as 6.8% week-over-week to $3.13 per share. The Mosaic Company (MOS) followed with its shares rising 3.3% week-over-week to $20.7 per share. Agrium (AGU) had a weekly gain of 2.5% and closed at $105.1. PotashCorp (POT) rose 2.5% week-over-week and closed at $18.7 per share.

CF Industries (CF) was also one of the gainers last week with a weekly gain of 1.8%. The stock closed at $32.9 for the week ending September 15. Israel Chemicals (ICL) stock rose 0.9% and closed at $4.3 per share.

While Intrepid Potash (IPI) moved sideways week-over-week, Terra Nitrogen (TNH) ended last week in negative territory by falling 0.8% to $78.7 per share. Now, we’ll see how these stocks have performed YTD (year-to-date).

Fertilizer Sector Performance for the Week Ending September 15

YTD performance

Intrepid Potash continued to hold the top place with a return of 86.1% YTD, which was far from the YTD returns of any other stock in the above chart. For example, Israel Chemicals was second in terms of returns. It has only returned 5.9% YTD.

While CVR Partners was the top gainer last week, it has returned losses of 51% YTD. The Mosaic Company has returned losses of 30% YTD followed by Terra Nitrogen, which has delivered losses of 25% YTD.

As of September 15, the VanEck Vectors Agribusiness ETF has returned 13.3% YTD, while the S&P 500 Index has returned 10.6%.

Series overview

In this series, we’ll primarily discuss fertilizers’ weekly price movements for the week ending September 15, 2017.

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