Fertilizer Prices Were Mainly Positive Last Week



Sector performance

The week ending September 1 was broadly positive for the agribusiness sector. The VanEck Vectors Agribusiness ETF (MOO) rose ~2%, while the S&P 500 Index (SPY) rose 1.3% last week. The week was positive for fertilizer stocks—seven out of eight stocks ended the week in positive territory.

To learn more about recent updates in the fertilizer industry, read The State of Fertilizer: An End-of-August Outlook.

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Fertilizer stocks

Last week, Intrepid Potash (IPI) continued its positive momentum by rising as much as 6.3% to $3.72. CVR Partners (UAN) stock rose 4.1% to $2.8 per share. CF Industries (CF) had a weekly gain of 3.3% and closed at ~$30, while Agrium (AGU) rose 2.1% to $98.1 per share.

PotashCorp (POT) slightly underperformed MOO with a weekly gain of 1.8% and ended the week at $17.5. Israel Chemicals (ICL) rose by 69 basis points and closed at $4.36 per share. Mosaic (MOS) also ended in positive territory. Its shares rose by 20 basis points to $20.1.

In contrast, Terra Nitrogen (TNH) was the only company in the above chart that ended in negative territory last week. It fell by as much as 98 basis points to $77.5 per share.

YTD results

Intrepid Potash is the top gainer  YTD (year-to-date)—its stock rose 78.9% last week. Israel Chemicals was also in positive return territory with a gain of 6.6% YTD.

So far, the remaining stocks returned losses this year. CVR Partners was the biggest loser with a 55.8% loss YTD. Mosaic had losses of 31.9% YTD. Terra Nitrogen was right behind with losses of 26.1% YTD, while CF Industries delivered losses of 5.9% YTD. PotashCorp fell 3.6% and Agrium (AGU) fell 1.8% YTD.

MOO has returned 10.5% YTD, while the S&P 500 Index has returned 10% YTD.

Series overview

In this series, we’ll discuss fertilizers’ price movements. We’ll start with an update on urea prices last week.


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