
Mosaic secured a $1 billion credit facility to refinance existing debt, disclosed in a June 10 SEC filing. The company expects higher sulfur and ammonia costs in Q2 and projects Q2 DAP prices of $760-780 per tonne, while reaffirming 9 million tonnes of potash production guidance.
Mosaic's expected higher sulfur and ammonia costs signal rising phosphate production costs that could support DAP prices. Its guidance points to continued firm phosphate pricing even as nitrogen weakens.
After 28 past bullish macro events, DAP moved a median -0.2% over 5 sessions (36% higher; middle half -0.9% to +1.3%), and -0.8% 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.