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How Fertilizer Prices Moved Last Week

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Sector performance

For the week ending December 1, the VanEck Vectors Agribusiness ETF (MOO) rose 1.1%, while the S&P 500 Index (SPY) rose 1.6%. Last week, all of the eight fertilizer stocks covered below ended in positive territory.

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Weekly performance

Last week, CF Industries (CF) emerged as the top gainer with its stock rising ~4.7% during the week to $37.6, followed by Israel Chemicals (ICL), which rose by 3.7% to $4.2. The Mosaic Company (MOS) wasn’t far behind with a weekly gain of 3.4%, rising to $24.3 per share, while CVR Partners (UAN) rose by  3.3% to $3.2.

Last week, Agrium (AGU) and PotashCorp (POT) also ended higher. Agrium rose 2.6% to $109.9, while PotashCorp rose 2.4% to $19.7 per share. Read our recent update on the PotashCorp-Agrium merger in PotashCorp-Agrium Revisited: Key Updates.

The remaining two stocks also ended last week in positive territory. Terra Nitrogen (TNH) rose 1.3% to $83.1, and Intrepid Potash (IPI) rose 1.1% to $3.7. Let’s now look at how these stocks have performed YTD (year-to-date).

YTD performance

Intrepid Potash continued to lead other stocks with a YTD return of 79.8%. CF Industries returned 18%, which was higher than the S&P 500’s 17.4%, but it underperformed the VanEck Vectors Agribusiness ETF, which returned 18.8% YTD.

Agrium returned 9.7%, PotashCorp returned 8.4%, and Israel Chemicals returned 2%, underperforming the benchmark indexes.

The remaining three stocks have returned losses so far this year with CVR Partners returning losses of 50.1%, Terra Nitrogen returning losses of 20.9%, and the Mosaic Company returning losses of 17.9%.

Series overview

In this weekly series, we will discuss the weekly price movements for fertilizers such as urea, DAP/MAP (diammonium/monoammonium phosphates), and potash. We will also discuss the movements in natural gas, which is key to nitrogen producers, and review the changes in fertilizer affordability.

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