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Mosaic missed profit estimates as phosphate and potash prices cooled from near-record highs earlier this year. Its phosphate production fell 4% and sales volumes dropped 10% after Hurricane Ian damaged its Tampa operations and disrupted rail and port access.
Lower fertilizer prices and reduced phosphate supply from a major producer leave the balance mixed, but cooling nutrient prices ease cost pressure on crop production over time.
reuters.comRuhi SoniNov 7, 2022Not enough comparable past events yet for a historical read.
After 13 past weather events, DAP moved a median 0.0% over 5 sessions (46% higher; middle half -0.2% to +0.9%), and +0.7% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
