Last week, which ended on August 11, 2017, was largely negative for fertilizer companies. The VanEck Vectors Agribusiness ETF (MOO) ended the week in negative territory, falling 2.2% week-over-week. The broader market index, the S&P 500 (SPY), also ended lower by 1.5% week-over-week.
In the above graph, you can see that seven out of eight stocks ended last week in negative territory. CVR Partners (UAN) emerged as the top loser last week, falling 9.4% week-over-week to $3.20. Mosaic (MOS) followed with its stock falling 7.4% week-over-week to $20.30. Israel Chemicals (ICL) also ended last week lower by 5.2% at $4.50. CF Industries (CF) ended 4.5% lower at $30.50.
PotashCorp (POT) ended last week down 0.79% to $17.50 per share, while Terra Nitrogen (TNH) ended 0.63% lower at $82.20. Agrium (AGU) followed, falling 0.49% to $98.36.
In contrast, Intrepid Potash (IPI) was the only company on the graph to end in positive territory, rising 5.6% week-over-week to $3.40.
Intrepid Potash has also been the top performer YTD (year-to-date) with returns of 63.5%. Israel Chemicals was the only other stock with positive returns YTD, rising 10.8%.
Intrepid Potash recently released its 2Q17 earnings. You can read more about the company’s results at Intrepid Potash Is Gaining Momentum in 2017.
Among the losers, CVR Partners emerged as the top loser, falling 50.0% YTD. It was followed by Mosaic (MOS) with losses of 31.1% YTD. Terra Nitrogen was next, falling 21.7% YTD. Compare that to the S&P 500 Index, which rose 9.1% YTD, and the VanEck Vectors Agribusiness ETF (MOO), which rose 8.4% YTD.
In this series, we’ll be looking at the weekly movements for fertilizer prices for the week ended August 11, 2017.