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Mosaic reported second-quarter adjusted earnings of $3.64 per share, missing expectations, while net sales rose 92% to $5.37 billion. The company said the war in Ukraine, heat in North America and Europe, and drought in South America raise the risk of lower global yields.
CF Industries posted record quarterly profits over the same period.
Mosaic expects tight crop supplies to keep fertilizer demand firm into 2023, which supports phosphate and potash prices for feed-grain producers facing higher input costs.
reuters.comRuhi SoniAug 1, 2022After 66 past bullish report events, DAP moved a median 0.0% over 5 sessions (41% higher; middle half -0.6% to +0.7%), and +0.3% over 20.
Not enough comparable past events yet for a historical read.
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.
