Agribusiness stocks are demonstrating renewed strength, with the VanEck Agribusiness ETF (MOO) showing improved performance and momentum. Nutrien Ltd. (NTR) is highlighted as a key stock emerging from a corrective phase with a significant breakout, suggesting potential for further upside.
The technical setups for both MOO and NTR are bullish, indicating that the agribusiness sector is poised to outperform the broader market in the coming weeks.
Agribusiness stocks are showing promising signs of resurgence, driven by the renewed momentum in commodity prices. The VanEck Agribusiness ETF (MOO) is demonstrating improved relative performance and a strengthening upward trend, indicating a positive outlook for the sector.
Nutrien Ltd. (NTR) Eyes Upside After Bullish Breakout
Within this growing group, Nutrien Ltd. (NTR) stands out as it emerges from a corrective phase. The stock has achieved a significant breakout, signaling potential for further gains in the coming weeks. This technical development aligns with the broader bullish long-term setup for the VanEck Agribusiness ETF (MOO), which is resuming its cyclical uptrend.
MOO ETF: A Constructive Long-Term Technical Picture
The MOO ETF presents a compelling long-term technical outlook. After a turnaround in 2025, the ETF has successfully cleared resistance from its monthly cloud model, a significant long-term breakout that supports a constructive view for the latter half of the year. Momentum indicators, such as the monthly stochastics showing a bullish 'pop' and the monthly MACD trending higher, reinforce this positive long-term momentum. The next key resistance level to watch is approximately $90, defined by a 61.8% Fibonacci retracement. Furthermore, MOO exhibits positive intermediate-term technical catalysts, including a weekly MACD crossover following a recovery from cloud-based support, indicating renewed momentum. Its relative strength against the broader equity market is also improving, with the MOO/S&P 500 ratio stabilizing near relative support. This suggests that agribusiness stocks are poised for enhanced performance relative to the S&P 500 in the near future.
NTR's Technical Strength Mirrors MOO's Outlook
Nutrien Ltd. (NTR) mirrors the positive technical setup seen in the MOO ETF. The stock has reversed a corrective phase, supported by a weekly MACD 'buy' signal and a constructive weekly cloud model, both of which are expected to bolster its price in the coming weeks. NTR's relative chart performance against the S&P 500 has also improved, with the stock rebounding from trendline support and reclaiming its 40-week moving average in the ratio. This indicates not only absolute strength but also a regaining of relative strength.
The daily chart of NTR further supports this optimistic outlook, showing a breakout above the daily cloud model, which reverses its intermediate-term downtrend. The stock has also surpassed minor resistance near $71 from late July, which now acts as initial support. Short-term momentum is robust, as indicated by the daily MACD and the upward trend of the 50-day moving average. This recent breakout suggests potential for intermediate-term upside follow-through, targeting the March high near $85.
Conclusion: Agribusiness Poised for Outperformance
Both MOO and NTR exhibit constructive technical setups, reinforcing the idea that agribusiness stocks are regaining momentum. With bullish catalysts present within long-term uptrends and improving relative strength, the sector is well-positioned to outperform the broader S&P 500 in the intermediate term.
— Katie Stockton, with contributions from Will Tamplin
