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Mosaic reported second-quarter adjusted earnings below analyst estimates, hurt by lower phosphate volumes and weak margins after a wet US Midwest planting season, and cut its full-year forecast. Rival Nutrien beat estimates, helped by higher potash prices, and plans $1 billion of investment in Brazil.
Weak phosphate demand and reduced producer volumes point to softer DAP and MAP pricing, while firmer potash prices reflect tighter supply for that nutrient.
industryweek.comBloombergAug 6, 2019Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
After 35 past bearish report events, DAP moved a median 0.0% over 5 sessions (37% higher; middle half -0.7% to +1.5%), and +0.6% 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.
