|Bid||62.18 x 100|
|Ask||0.00 x 0|
|Day's Range||62.30 - 62.79|
|52 Week Range||53.14 - 65.86|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.54%|
With the earnings season ahead of us, it’s time to look at the analysts’ ratings and price target updates for the major fertilizer stocks. So far this year, fertilizer stocks have mostly failed to impress investors. The VanEck Vectors Agribusiness ETF (MOO) has returned about 1.4% YTD (year-to-date), and the SPDR S&P 500 ETF (SPY) has returned about 60 basis points YTD.
In the week that ended on April 13, 2018, the Fertilizer Affordability Index drifted lower, continuing its two-week streak. The index, which is issued by the Mosaic Company (MOS), shows the relation between three NPK (nitrogen, phosphorous, and potassium) fertilizers and the key fertilizer-consuming crops corn, wheat, and soybean. Earlier in this series, we discussed how NPK fertilizer prices, especially urea and phosphate, fell week-over-week.
Last week, MAP (monoammonium phosphate) prices mimicked the movements in DAP (diammonium phosphate) prices, which fell week-over-week, as we discussed earlier.
Natural gas prices, which are key to US nitrogen fertilizer producers (MOO), were broadly lower during the week of April 4 to April 11, 2018, as reported by the EIA (U.S. Energy Information Administration).
Last week, which ended on April 13, 2018, the agribusiness sector was broadly positive, with the VanEck Vectors Agribusiness ETF (MOO) ending at a rise of 2.5% week-over-week.
The Fertilizer Affordability Index issued by the Mosaic Company (MOS) showed that fertilizers continued to be more affordable last week. The Fertilizer Affordability Index fell to 0.64x from 0.66x from a week ago. The index can be influenced by either a movement in fertilizer prices or crop prices.
A new exchange traded fund aimed at providing diverse asset allocation while limiting volatility debuted Tuesday. The VanEck Vectors Real Asset Allocation ETF (NYSE: RAXX) provides exposure to real assets ...
Urea prices continued to decline last week at the locations discussed below. The weakness in urea prices continues to extend in comparison to the recent peak levels seen in February and March 2018.
Last week, the VanEck Vectors Agribusiness ETF (MOO) ended the week in positive territory with a rise 46 basis points week-over-week, while the S&P 500 Index rose by 1.1%. The market experienced high volatility stemming from fears of a trade war between the US and China along with negative movements in the tech sector.
Monsanto (MON) stock surged on April 9, 2018, following news that the U.S. Department of Justice approved the merger with Bayer. The deal is one of the largest mergers in the agribusiness sector (MOO).
Malfeasance among the program's participants ballooned in the four years through 2016, but fraud still represents a tiny percentage of the money in SNAP.
The Bayer-Monsanto (MON) deal is still under review for antitrust issues in the US due to concerns that the two companies combined could harm the competitive environment. Below, we’ll discuss some of the antitrust concerns in more detail. The above chart outlines some of the antitrust concerns that have pushed back merger approval deadlines. The list of concerns includes higher prices due to monopoly, a higher concentration that may lead to market dominance, challenges to R&D (research and development) and innovation, and limited choices to customers.
The Mosaic Company (MOS) issues the Fertilizer Affordability Index, which fell last week to 0.66x from 0.67x a week ago. The index is indexed to one in the base year of 2005, so a point below one means that fertilizers are more affordable and a point above one means that fertilizers are less affordable. Fertilizer affordability below one is favorable for demand, which is good for Nutrien (NTR), CF Industries (CF), and Terra Nitrogen (TNH) along with other fertilizer players (MOO).