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Weekly Update: Fertilizer Stocks Are Seeing Positive Trends

Adam Jones
Weekly Update: Fertilizer Stocks Are Seeing Positive Trends

Last week was broadly positive for the agribusiness sector. The VanEck Vectors Agribusiness ETF (MOO) ended in positive territory with a rise of 32 basis points. YTD (year-to-date), this ETF returned 1.7% as of May 11, which outperformed the S&P 500 Index’s (SPY) loss of 0.6%.