# Mosaic shares tumble on disappointing fertilizer guidance - AgCanada

> 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.

- Date: 2017-08-01 · published 2017-08-01T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/69761-mosaic-shares-tumble-on-disappointing-fertilizer-guidance-agcanada
- Commodities: [Potash (KCl)](https://feedsoft.ai/c/POTASH.md), [DAP](https://feedsoft.ai/c/DAP.md)

## Why it matters

Softer guided phosphate prices and volumes point to ample fertilizer supply, which is bearish for DAP and potash input costs for farmers.

## Read by commodity

- DAP: bearish ▼
- POTASH: neutral

## Sources

- agcanada.com: https://www.agcanada.com/daily/mosaic-shares-tumble-on-disappointing-fertilizer-guidance

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.