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Fertilizer Stocks Had a Negative Week

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Sector performance

The week ending July 28 was broadly negative for agricultural fertilizer stocks. Five out of the eight stocks discussed below ended last week in the negative territory. The VanEck Vectors Agribusiness ETF (MOO) ended the week 0.25% higher at $56.75. The S&P 500 Index (SPY) also ended last week slightly higher by 0.04%.

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Weekly performance

Last week, Intrepid Potash (IPI) continued to inch higher with a weekly gain of 6.9% closing at $2.96. Israel Chemicals (ICL) followed with its stock rising by as much as 3.0% to $4.85 per share. Mosaic (MOS) ended the week slightly higher by 0.04% to end at $24.2 per share.

The stocks that ended last week in the negative territory include CVR Partners (UAN), which was down 8.3% to $3.53 per share. CF Industries (CF) followed with its stock losing 4.1% during the week to close at $29 per share. Terra Nitrogen (TNH) was down by 1.4% to $84.5 per share, while PotashCorp (POT) ended the week 0.61% lower at $17.8 per share. Agrium (AGU) ended last week down by 0.10% to $99.8 per share. Let’s look at how these stocks have performed YTD.

YTD performance

Intrepid Potash continues to dominate other fertilizer stocks with a gain of 42.3% YTD (year-to-date) followed by Israel Chemicals, which was up 18.6% YTD. On the other hand, CVR Partners (UAN) continued to be the biggest loser with its stock down by as much as 44.2% YTD followed by Terra Nitrogen (TNH), which was down 19.5% YTD. Mosaic was not far behind with losses of 18.2% YTD.

The remaining stocks were in the middle with Agrium returning losses of 0.41%, PotashCorp returning losses of 1.7%, and CF Industries returning losses of 9.0% YTD.

Series overview

In this series, we’ll discuss how nitrogen, phosphorous, and potassium fertilizer prices performed over the last week.

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