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Fertilizer Price Update: Week Ended December 15

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Sector performance

For the week ended December 15, 2017, the VanEck Vectors Agribusiness ETF (MOO) ended the week higher by 25 basis points, while the S&P 500 Index (SPY) rose 38 basis points. Let’s look at how some of the fertilizer stocks performed last week.

Weekly performance

Last week, seven of the eight stocks in the above chart ended the week higher. Mosaic (MOS) emerged as the top gainer with a week-over-week gain of 5.5% to close at $24.90. CF Industries (CF) followed with a weekly gain of 4.7%, closing at $41.1. Agrium (AGU) rose 3.8% and closed at $110.10, and PotashCorp (POT) rose 3.8% to close at $19.60 on December 15, 2017.

For more information about some of these stocks, be sure to read our series The Agriculture Industry: Our Top 4 Dividend Stocks.

Terra Nitrogen (TNH), which closed at $82 last week, delivered a weekly gain of 2.2%. Intrepid Potash (IPI) rose 1.1% and closed at $3.70, followed by Israel Chemicals (ICL), which rose 1% to close at $4.10.

In contrast to the above seven stocks, CVR Partners (UAN) ended the week in negative territory, falling 5.4% week-over-week to $3.50. Now let’s see how these stocks have performed YTD (year-to-date).

YTD performance

YTD, Intrepid Potash continues to be the top gainer among the above stocks, rising 79.8% in the week ended December 15, 2017. CF Industries followed with a gain of 29%. Agrium was next with a YTD gain of 9.9%, followed by PotashCorp, which rose 8.3% over the same period.

The remaining four companies delivered YTD losses, with CVR Partners falling 44.5% and Terra Nitrogen falling 22%. Mosaic fell 15.6%, and Israel Chemicals fell 49 basis points.

Let’s compare the above performances with the benchmark indexes. The VanEck Vectors Agribusiness ETF has risen 18.6% YTD, and the S&P 500 Index has risen 18.3% YTD.

Series overview

In this weekly series, we’ll look at the weekly movements for key fertilizers, including nitrogen, phosphate, and potassium.

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