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Fertilizer Prices Update: Week Ended December 8

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Sector performance

Last week, which ended December 8, 2017, the VanEck Vectors Agribusiness ETF (MOO) ended almost flat for the week. The S&P 500 Index (SPY) ended higher by 52 basis points over the same period. Let’s see how some of the major fertilizer stocks performed last week.

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Weekly performance

Last week, only two of the eight stocks in the above chart ended in positive territory. CVR Partners (UAN) emerged as the top gainer, rising 17.4% week-over-week to close at $3.70. CF Industries (CF) followed with a week-over-week gain of 4.4% to close at $39.30.

In contrast, PotashCorp (POT) emerged as the top loser with a weekly loss of 3.7%, closing at $18.90. It was followed by Agrium (AGU), which fell 3.5% to close at $106.10. To find out more about the latest outlook for the industry, read PotashCorp’s Analyst Conference on November 29: Key Takeaways.

Terra Nitrogen (TNH) was 3.4% lower week-over-week, closing at $80.20. It was followed by Israel Chemicals (ICL), which also fell 3.4% week-over-week to close at $4 per share.

Mosaic (MOS) and Intrepid Potash (IPI) also ended in negative territory, falling 2.7% week-over-week to $23.60 and 1.1% week-over-week to $3.70, respectively.

YTD performance

YTD (year-to-date), Intrepid Potash continues to hold the top position among these stocks with a gain of 77.9%. CF Industries follows with a gain of 23.2% over the same period. Agrium is next with a gain of 5.9%, while PotashCorp rose 4.4%.

While the above four stocks delivered positive returns YTD, the remaining four delivered losses. CVR Partners fell 41.4%, Terra Nitrogen fell 23.6%, and Mosaic fell 20% YTD.

Compare the performance of the above stocks with the agribusiness ETF, MOO, which has risen 18.3% YTD and the S&P 500, which has risen 17.9% YTD.

Series overview

In the following parts of this series, we’ll primarily discuss the weekly movements in the prices of key NPK (nitrogen, phosphorous, and potassium) fertilizers, starting with urea.

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