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How Did Fertilizer Stocks and NPK Prices Move Last Week?

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Sector performance

The week ending February 3, 2017, was broadly positive for agricultural fertilizer stocks. The VanEck Vectors Agribusiness ETF (MOO) rose 1.8% during the week, while the S&P 500 (SPY)(SPX) rose by 72 basis points. Let’s take a look at the weekly and YTD (year-to-date) performances of eight major publicly listed agricultural fertilizer companies.

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Fertilizer stock performance

Last week was mostly positive for fertilizer stocks. Out of the eight stocks in the chart above, five ended the week higher. Mosaic (MOS) emerged as the biggest gainer with its stock rising 2.8% to $31.9 per share followed by Intrepid Potash (IPI), which rose 2.5% to $2.03 per share. CF Industries (CF) was also in the positive territory rising by 82 basis points to $35.7, and Agrium (AGU) rose by 38 basis points to $103 per share. PotashCorp (POT) rose by 16 basis points to $18.6 per share.

The three stocks that ended in negative territory were:

  • CVR Partners (UAN), which fell 2.7% to $6.3
  • Israel Chemicals (ICL), which fell 1.7% to $4.5
  • Terra Nitrogen (TNH), which fell 70 basis points to $113.7 per share

Let’s now look at how these stocks performed YTD (year-to-date).

YTD performance

YTD, CF Industries is the top gainer with its stock rising 12.0%, followed by Israel Chemicals, which is up 10.7% YTD. Terra Nitrogen is up 8.3%, while Mosaic is close behind with its stock rising 7.9% YTD. PotashCorp and Agrium are up 3.1% and 2.4%, respectively. CVR Partners is flat YTD, while Intrepid Potash is the only stock among the eight stocks in the chart above to trade in negative territory YTD. The Agribusiness ETF MOO is up 5.3%, while the S&P 500 Index is up 1.8% YTD.

Series overview

Fertilizer prices are key to these companies’ performances. In this weekly series, we’ll provide an update on fertilizer price movements for the week ending February 3, 2017.

We’ll start by looking at last week’s price movements for nitrogen, phosphate, and potash fertilizers. Towards the end, we’ll also discuss fertilizer affordability.

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