15 Oct

Why Fertilizer Stocks Fell in Week Ended October 12

WRITTEN BY Adam Jones

Fertilizer sector

Last week, which ended October 12, was a big negative for the overall market and the agribusiness sector. The VanEck Vectors Agribusiness ETF (MOO) fell 3.5% from October 5–12, and the S&P 500 Index fell 4.1%.

Let’s look at the fertilizer sector last week and why the stocks fell.

Why Fertilizer Stocks Fell in Week Ended October 12

Fertilizer stocks

Last week, all six fertilizer stocks in the above chart ended in negative territory.

  • CVR Partners (UAN) fell the most at 9.5% to end the week at $3.80.
  • Nutrien (NTR) fell 6.8% to $54.
  • CF Industries (CF) fell 3.1% to $52.40.
  • Intrepid Potash (IPI) fell 3.1% to $3.40.
  • Israel Chemicals (ICL) fell 2.1% to $6.10.
  • Mosaic (MOS) fell 66 basis points to $32.90.

Let’s look at how last week’s performance impacted the YTD (year-to-date) returns of these stocks.

Why Fertilizer Stocks Fell in Week Ended October 12

YTD performance

YTD, despite last week’s decline, most of the above stocks were still in positive territory.

  • Isreal Chemicals has risen 50%.
  • Mosaic has risen 23.4%.
  • CF Industries has risen 21.5%.
  • CVR Partners has risen 7.6%.

Intrepid Potash has fallen 26.6% week-over-week, and Nutrien has fallen 1.2%.

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