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Fertilizer Stocks and Commodity Prices for Week Ended August 31

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Fertilizer sector

Last week, which ended August 31, the overall fertilizer sector was broadly positive with six of the six stocks ending in flat to positive territory. The VanEck Vectors Agribusiness ETF (MOO) closed 80 basis points higher, while the S&P 500 Index (SPY) rose 1% throughout the week, from the closing on August 24 to the closing on August 31. Let’s look at the individual performances of major fertilizer stocks in the US markets.

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Fertilizer stocks: Weekly performance

Last week, Israel Chemicals (ICL) emerged as the biggest gainer with an 8.1% increase to $5.90 per share, followed by Mosaic (MOS), which rose ~5.5% to $31.30 per share. CVR Partners (UAN) also managed to record a meaningful gain, rising ~4.6% to $3.90 last week. CF Industries (CF) was next with a 4% weekly increase in its stock to $51.90 per share, followed by Nutrien (NTR), which rose 2.5% to $56.60 per share.

Intrepid Potash (IPI) was the only one to end the week flat at $3.40 per share. Let’s look at how last week’s gain added to the yearly performances of these stocks.

Yearly performance

YTD (year-to-date), fertilizer stocks have managed to gain significant lost ground, beginning in the second half of this year. Israel Chemicals is now up ~44%, followed by CF Industries (CF), which has risen 20.4%, and Mosaic (MOS), which has returned ~17.3% YTD. CVR Partners, which has had a challenging year, also managed to rise ~9.9% YTD as of August 31. Nutrien has risen 3.4% YTD. Once again, Intrepid Potash was at the bottom with a 27.2% loss YTD.

Next, let’s look at fertilizer price movements for these stocks.

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