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Fertilizer Stock and Commodities Update: Week Ending April 28

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Sector performance

The week ending April 28, 2017, was broadly positive for agricultural fertilizer stocks. The VanEck Vectors Agribusiness ETF (MOO) rose by 126 basis points during the week, while the S&P 500 (SPY) rose by 42 basis points during the week. 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 remained mostly positive for fertilizer stocks. Out of the eight stocks in the above chart, five ended the week in positive territory. CVR Partners (UAN) emerged as the top gainer. It rose as much as 7.4% to $4.55 per share, while Israel Chemicals (ICL) stock rose 5.1% to $4.43 per share. PotashCorp (POT) rose 2.7% to $17.43 per share. Agrium (AGU) rose 2.5% to $97.49 per share, while CF Industries (CF) rose 1.2% to $29.42

In contrast, Intrepid Potash (IPI) fell 0.54% to $1.65 per share. Mosaic (MOS) and Terra Nitrogen (TNH) ended last week at the bottom. Mosaic fell 0.59% to $29.19 per share and Terra Nitrogen fell 0.85% to $92.59 per share. Let’s look at how these stocks performed YTD.

YTD performance

Out of the eight stocks in the above chart, only Israel Chemicals is in the positive territory—it has returned 5.6% YTD. The S&P 500 Index has also returned 5.6% YTD, while the VanEck Agribusiness ETF has returned 5.9%.

CVR Partners is the top loser among the companies in the above chart. Its stock has fallen 22.4% YTD, followed by CF Industries which is down 16.1%.

Series overview

In this weekly update series, we’ll discuss fertilizer commodity price movement for the week ending April 28.

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