# Commodity Trading Houses Win as Acid Shortage Hits Miners

> Trafigura reported US$4.1 billion in first-half fiscal 2026 profit, while Mosaic’s phosphate division recorded a US$194 million operating loss in the third quarter amid sulfur and acid shortages. Mosaic also paid US$715 per long ton for sulfur and incurred US$77 million in idle fixed costs, while the article contrasts traders’ performance with the risks and costs faced by miners.

- Date: 2026-11-06 · published 2026-11-07T15:12:36.650Z
- Category: logistics · region Global · magnitude low
- Page: https://feedsoft.ai/events/86183-commodity-trading-houses-win-as-acid-shortage-hits-miners
- Commodities: [DAP](https://feedsoft.ai/c/DAP.md)

## Why it matters

Sulfur and acid constraints can limit phosphate-fertilizer production, potentially tightening supply and supporting DAP prices. Higher input costs and operational disruption weigh on producers, although the article does not establish a new production cut beyond the reported impacts.

## Read by commodity

- DAP: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DAP | 2023-04-28 | [Some farmers in Southwest Ohio are experiencing phosphate shortages - Brownfield Ag News](https://feedsoft.ai/events/36726-some-farmers-in-southwest-ohio-are-experiencing-phosphate-shortages-brownfield.md) | -11.1% | -18.8% |
| DAP | 2026-10-22 | [Mosaic idles South Fort Meade phosphate plant amid global sulfur shortage — CMB News](https://feedsoft.ai/events/669-mosaic-idles-south-fort-meade-phosphate-plant-amid-global-sulfur-shortage-cmb.md) | 0.0% | — |
| DAP | 2023-09-20 | [Earthquakes in Morocco Cause Supply Affliction for Phosphoric Acid, Impacting Global Fertilizer Market](https://feedsoft.ai/events/34431-earthquakes-in-morocco-cause-supply-affliction-for-phosphoric-acid-impacting.md) | +0.9% | +1.6% |
| DAP | 2026-07-28 | [Urea's cheap but farmers urged to act on phosphate as prices soar \| Farm Online \| ACT](https://feedsoft.ai/events/18656-urea-s-cheap-but-farmers-urged-to-act-on-phosphate-as-prices-soar-farm-online.md) | +1.7% | +1.3% |
| DAP | 2022-10-07 | [Grain Shippers Slowed by Mississippi River Drought Also Race Against Winter - Bloomberg](https://feedsoft.ai/events/16674-grain-shippers-slowed-by-mississippi-river-drought-also-race-against-winter.md) | -2.1% | -6.5% |

## Sources

- discoveryalert.com: https://discoveryalert.com/analysis/commodity-trading-houses-acid-shortage-november-2026/

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