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Mosaic forecast lower third-quarter phosphate sales of 2.2-2.5 million tonnes and lower DAP prices than in the second quarter, sending its shares down as much as 9%. CEO Joc O'Rourke said raw material costs are also falling, which preserves margins, and that phosphate and potash prices have stabilized.
Softer guided phosphate prices and volumes point to ample fertilizer supply, which is bearish for DAP and potash input costs for farmers.
agcanada.comAGCanadaAug 1, 2017Not enough comparable past events yet for a historical read.
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.
