Fertilizer Update for the Week Ending March 30



Sector performance

In the week ending March 30, 2018, the VanEck Vectors Agribusiness ETF (MOO) ended higher by 96 basis points, while the S&P 500 Index ended in the negative territory and fell by as much as 74 basis points. Let’s look at how fertilizer stocks, which are a part of MOO, performed last week.

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Weekly stock performance

Out of the seven fertilizer stocks in the above chart, three ended in the positive territory last week, while four ended lower. CF Industries (CF) emerged as the biggest gainer last week and rose as much as 1.0% to $37.7. Nutrien (NTR) gained 19 basis points and closed at $47.3 per share. Terra Nitrogen (TNH) ended slightly higher by 6 basis points at $83.9 per share.

Intrepid Potash (IPI) declined 3.5% to $3.6, while CVR Partners (UAN) fell 2.7% to $3.25. Mosaic (MOS) fell 1.5% and closed at $24.3, while Israel Chemicals (ICL) declined by 24 basis points to $4.24 per share.

YTD performance

Most fertilizer stocks continue to deliver losses YTD (year-to-date). Intrepid Potash has declined as much as 22% YTD, while Nutrien has delivered a loss of 13.7%. CF Industries has declined 12.5% YTD, while Mosaic has declined 8.9% during the same period. CVR Partners has fallen 8.2% YTD.

Israel Chemicals and Terra Nitrogen were the only two companies that have delivered positive returns YTD. Israel Chemicals has gained 4.2%, while Terra Nitrogen has gained 3.1% YTD.

Next, we’ll discuss how fertilizer prices performed last week. To some extent, fertilizer prices drive fertilizer stocks’ earnings.


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