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How Fertilizer Stocks Are Performing

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Sector performance

In the week ended March 16, the VanEck Vectors Agribusiness ETF (MOO) fell ~2%. The broader market S&P 500 Index (SPY) also fell 2% during the same period. Out of the seven stocks discussed below, six ended in the negative territory.

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Weekly performance

Out of the seven stocks that declined last week, CF Industries (CF) emerged as the top loser with a fall of 8% to $37.7 per share followed by Mosaic (MOS). Intrepid Potash (IPI) fell by 4% to $3.7, while CVR Partners (UAN) was not far behind with a fall of 3% to $3.5 per share. Nutrien (NTR) fell by 2% to $48.7, and Terra Nitrogen (TNH) fell by 25 basis points to $83.8 per share.

Israel Chemicals (ICL) was the only one to gain last week. It was up by 1.6% to $4.4 per share. These stocks YTD (year-to-date) performances aren’t impressive either.

YTD performance

YTD, Intrepid Potash is the top loser among the above companies with a 20% loss since the beginning of this year. CF Industries (CF) also fell by as much ~11% YTD, while Nutrien lost 9% of its price YTD. Mosaic was down 2%, while the remaining three stocks gave positive returns.

Israel Chemicals was the top gainer YTD with a 12% return followed by Terra Nitrogen and CVR Partners, which each have returned 3% YTD. During this period, MOO was up by 1%, and the S&P 500 Index was up by 2%.

Fertilizer price movements are critical for the performances of the above companies. In the next part, we’ll discuss the fertilizer price movements of key NPK (nitrogen, phosphorous, and potassium) fertilizers.

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