Fertilizer Price Movements for the Week Ended April 20



Agribusiness sector

Last week, which ended on April 20, the agribusiness sector, reflected by the VanEck Agribusiness ETF (MOO), ended slightly lower week-over-week by 6 basis points. But it continues to stay in positive territory so far this year with a gain of 24 basis points YTD (year-to-date).

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Weekly performance

Last week, most fertilizer stocks in the above chart ended in positive territory. Intrepid Potash (IPI) emerged as the biggest gainer, rising 4.3% to $4.20, followed by Mosaic (MOS), which gained 1.9% to close at $25.90. Israel Chemicals (ICL) rose 1% to close at $4.50, and CF Industries (CF) gained 70 basis points, ending last week at $39.

In contrast, CVR Partners (UAN) fell the most, declining 2.6% week-over-week to $3. It was followed by Nutrien (NTR), which fell 15 basis points and closed at $46. Let’s see how these companies have performed YTD.

Year-to-date performance

Year-to-date, most of the fertilizer companies in the above chart have fallen, with Nutrien declining 14.6% YTD. It was followed by CVR Partners, which fell 14.1% over the same period. Intrepid Potash fell 11.1%, and CF Industries fell 10.2%. Mosaic was among the least affected with a YTD loss of 3.6%.

In contrast, Israel Chemicals was the only one with a positive return of 9.3% YTD.

In this series, we’ll be looking at fertilizer price movements last week. Those prices are the key earnings drivers for fertilizer stocks.


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