In the week ending April 27, the VanEck Vectors Agribusiness ETF (MOO) ended broadly higher by 50 basis points, while the S&P 500 Index (SPY) was almost flat last week. Most of the fertilizer stocks ended in positive territory.
Fertilizer stocks’ weekly performance
Last week, five of the six fertilizer stocks in the above chart ended in the positive territory. Intrepid Potash (IPI) was the biggest gainer, ending almost 11% higher at $4.45. Mosaic (MOS) was next with a 4.9% weekly gain to $26.9 per share, and Israel Chemicals (ICL) was next with a gain of 2.5% to $4.5, followed by CF Industries (CF) with a rise of 1.4% to close last week at $38.7. Nutrien (NTR) also ended slightly higher by 0.6% to $45.8 per share.
In contrast to the above stocks, CVR Partners (UAN) ended lower by 4.3% last week to $2.9 per share. As of May 1, most of the stocks in the above chart have moved lower this week from last week’s close on April 27.
As of May 1, Israel Chemicals and Mosaic were the only two fertilizer stocks to have positive YTD (year-to-date) returns at 10.1% and 0.8%, respectively. On the other hand, CVR Partners has declined by 18%, Nutrien declined by 16%, CF Industries declined by 10.4%, and Intrepid Potash was down by 4.7% YTD.
In this series, we will look at how fertilizer prices moved last week.