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.
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.
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.
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.