3.40 0.00 (0.00%)
After hours: 5:14PM EDT
|Bid||0.00 x 2900|
|Ask||0.00 x 40000|
|Day's Range||3.37 - 3.45|
|52 Week Range||3.12 - 5.31|
|Beta (3Y Monthly)||0.63|
|PE Ratio (TTM)||N/A|
|Earnings Date||Oct 30, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||3.88|
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%.
On October 10, the VanEck Vectors Agribusiness ETF (MOO), which represents the broader agribusiness sector, fell about 2.9% to end at $63.2 per unit, while the broader US market index, the S&P 500, declined by 3.2% during the day.
Intrepid Potash Inc. (IPI) plans to release its third quarter 2018 financial results on Tuesday, October 30, 2018, before the market opens. Intrepid will host a conference call the same day at 10:00 a.m. Eastern Time to discuss the results and other operating and financial matters and to answer investor questions.
The fertilizer affordability index remained elevated last week relative to levels observed since January 2016, which essentially means that fertilizer affordability compared to levels in the last two years was lower last week. Last week, the fertilizer affordability index level was slightly up week-over-week to 0.85 from 0.84 a week ago. The affordability index is essentially calculated using the plant nutrient price index for the numerator and the crop price index in the denominator.
Last week, potash prices recorded a strong weekly gain at the four locations discussed below. Potash prices continued to show strength, which increased optimism for companies (NANR) such as Nutrien (NTR), Intrepid Potash (IPI), Israel Chemicals (ICL), and the Mosaic Company (MOS).
The VanEck Vector Agribusiness ETF (MOO) fell 14 basis points between its closing on September 28 and its closing on October 5. However, the overall fertilizer sector appeared to be positive.
In the week ending September 28, granular potash prices were broadly higher, while standard potash prices were flat week-over-week. Potash prices have been strong in 2018. Last week, potash prices made new highs. Higher prices are positive for companies (NANR) like Mosaic (MOS), Nutrien (NTR), Israel Chemicals (ICL), and Intrepid Potash (IPI).
In the week ending September 21, fertilizer affordability eased after increasing the previous week. Mosaic (MOS) issues the Fertilizer Affordability Index. A level below one indicates that fertilizer affordability was higher than in 2005—the base year.
Fertilizer affordability affects sales volume for fertilizer companies (NANR) such as Mosaic (MOS), Nutrien (NTR), CF Industries (CF), and Intrepid Potash (IPI). Lower affordability negatively impacts demand, and fertilizer affordability has been deteriorating over the past few weeks.
DAP (diammonium phosphate) prices have been rising lately, and prices in some areas have reached three-year highs. However, last week it seems that DAP prices may have been reversing, especially in places like Morocco, Saudi Arabia, India, and China. Companies (XLB) such as Mosiac (MOS), Nutrien (NTR), Israel Chemicals (ICL), and Intrepid Potash (IPI) benefit when prices rise.
The week ending September 14 was broadly positive for the agribusiness sector. The VanEck Vectors Agribusiness ETF (MOO) rose 2.8% week-over-week, and most of the fertilizer stocks also ended in the positive territory. During this period, the S&P 500 Index (SPY) rose 1.6% week-over-week.
If you own shares in Intrepid Potash Inc (NYSE:IPI) then it’s worth thinking about how it contributes to the volatility of your portfolio, overall. In finance, Beta is a measureRead More...
Last week, which ended September 7, the VanEck Vectors Agribusiness ETF (MOO) fell ~1.8%, while the broader market S&P 500 Index fell ~1%. Overall, fertilizer stocks also took a beating.
Fertilizer affordability has been negatively impacted by the direction in which fertilizer prices have been moving in relation to the prices of key fertilizer-consuming crops such as corn, wheat, and soybeans. Lower fertilizer affordability can weigh on companies (XLB) such as Mosaic (MOS), Intrepid Potash (IPI), CVR Partners (UAN), and CF Industries (CF). The index, issued by Mosaic, has been rising lately, which is a similar pattern to the recent movement of fertilizer prices.
Potash prices, similar to the prices of nitrogen and phosphate, continued to gain momentum in the week ended August 31. Prices were at an all-time high last week at each of the four locations, which we’ll look at below.
In the previous part of this series, we saw that in the week ended August 24, fertilizer prices rose compared to the previous week. The Fertilizer Affordability Index issued by Mosaic (MOS) rose to 0.83x from 0.78x in the week ended August 17. While last week’s affordability remained well below one, it rose to a high since January 2016, making fertilizers less affordable over that period.
Potash prices last week, which ended on August 24, remained at an all-time high compared to levels for January 2016. Nutrien (NTR), Mosaic (MOS), and Intrepid Potash (IPI), along with other global players (MOO), have managed to ration their supplies, which appears to have benefited prices.
NEW YORK, Aug. 27, 2018-- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Teradata ...
Earlier in this series, we looked at how higher energy costs led to an increase in nitrogen fertilizer prices. In Europe, the cost of natural gas rose by 53% year-over-year as of June 2018, according to CF Industries (CF). China, which uses coal to produce nitrogen fertilizer, saw a 32% increase in prices year-over-year as of May 2018. In its second-quarter press release, CF Industries stated that natural gas prices in Europe may continue to increase in 2019.
CF Industries’ (CF) recent quarterly earnings seemed stronger after a string of quarters with negative EPS. Nutrien (NTR), Mosaic (MOS), and Intrepid Potash (IPI) saw similar trends as well. The company reported sales growth of 16% year-over-year in its second quarter due to the increase in realized fertilizer prices across its five segments.
A fertilizer producer turning things around, America's leading aluminum company, and a paper manufacturer look too good to pass up right now.
Investors need to pay close attention to Intrepid Potash (IPI) stock based on the movements in the options market lately.
Last week, which ended August 10, potash prices were flat to positive at the locations in the chart below. They started rising as a result of tighter supply and strong demand. Usually, the demand for fertilizer is inelastic since farmers need fertilizers to achieve yields in order to meet the global food demand.