
Mosaic expects its phosphate segment's adjusted EBITDA to decline again in the fourth quarter despite a cheaper US Gulf Coast sulfur contract of $615 per long ton. Sulfur cost in goods sold was $715 per long ton in Q3, and higher-cost inventory will keep flowing through reported costs for two to three months.
The company expects cash-flow relief in Q4 with most earnings benefit arriving in Q1 2027.
Phosphate producers face a squeeze from expensive sulfur, which tightens DAP and phosphate supply and supports fertilizer prices. For feed buyers, phosphate inputs for mineral and feed-ingredient supply stay costly into 2027.
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