Sector performance

For the week ending January 5, 2018, the VanEck Vectors Agribusiness ETF (MOO) ended almost 2% higher, while the S&P 500 Index (SPY) also had a strong week with a 1.7% increase. Most of the fertilizer stocks discussed below also ended in the positive territory last week with CVR Partners (UAN) emerging as the top gainer.

How Fertilizer Prices Moved in the Week Ending January 5

Stock performance

CVR Partners rose ~14% throughout the week to close at $4.04 followed by Terra Nitrogen (TNH), which closed 5.3% higher at $85.8 per share. The new year also saw the delisting of two ticker symbols, PotashCorp (POT) and Agrium (AGU), as they merged under the new company name Nutrien (NTR) and a new ticker symbol. Nutrien rose 1.8% in the first week of 2018 to close at $55.7 for the week ending January 5.

CF Industries (CF) was also one of the gainers with its stock rising by 1.2% to close at $43.7 per share. Israel Chemicals (ICL) was next with a weekly gain of 1% to close at $4.11 per share for the week ending January 5. Mosaic (MOS), which delivered losses of 13% last year ended last week in the positive territory with its stock rising by as much as 0.8% to $26.9 per share.

In contrast to the above companies, Intrepid Potash (IPI) was the only one to end in the negative territory last week with its stock falling by 1.5% to close at $4.6 per share.

Last year’s best and worst performers

Last year, Intrepid Potash was the top gainer among the above companies, returning 129% from stock appreciation. On the other hand, CVR Partners was among the worst performers with a loss of 48% in 2017.

Series overview

In this series, we will discuss the price performance of key fertilizers that drive the earnings of the above companies. We will begin with urea price movements.

 

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