# Morgan Stanley: Phosphate strong, potash weak

> Morgan Stanley said fourth-quarter phosphate targets at Mosaic were above expectations, while potash targets were below them. Mosaic’s midpoint volume targets were 1.45 million tons for phosphate and 2.45 million tons for potash, and it lowered its fiscal-year potash production outlook to 8.6 million tons.

- Date: 2026-11-09 · published 2026-11-10T00:14:22.140Z
- Category: report · region Global · magnitude medium
- Page: https://feedsoft.ai/events/90419-morgan-stanley-phosphate-strong-potash-weak
- Commodities: [Potash (KCl)](https://feedsoft.ai/c/POTASH.md), [DAP](https://feedsoft.ai/c/DAP.md), [TSP](https://feedsoft.ai/c/TSP.md)

## Why it matters

The lower potash production outlook points to somewhat tighter supply and potential price support, while stronger-than-expected phosphate targets may indicate more available supply than anticipated.

## Read by commodity

- DAP: bearish ▼
- TSP: bearish ▼
- POTASH: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DAP | 2024-09-13 | [Morocco: A market mover in phosphates - CRU Group](https://feedsoft.ai/events/28646-morocco-a-market-mover-in-phosphates-cru-group.md) | -0.2% | +0.5% |
| DAP | 2023-06-29 | [‘Great news’: EU hails discovery of massive phosphate rock deposit in Norway](https://feedsoft.ai/events/35821-great-news-eu-hails-discovery-of-massive-phosphate-rock-deposit-in-norway.md) | 0.0% | +12.8% |
| DAP | 2020-06-03 | [OCP Group News Update: 1Q20 Results, Jorf Lasfar Site Improvements & Brazil Start-Up Investment – Phosphate Price](https://feedsoft.ai/events/52941-ocp-group-news-update-1q20-results-jorf-lasfar-site-improvements-and-brazil.md) | 0.0% | +6.6% |
| DAP | 2023-06-07 | [International Fertilizer Association confirmed no shortage of phosphorites expected - Fertilizer Daily](https://feedsoft.ai/events/35820-international-fertilizer-association-confirmed-no-shortage-of-phosphorites.md) | -1.7% | -2.1% |
| DAP | 2024-12-03 | [As DAP sales dip, farmers turn to more beneficial NPKS, shows data \| Agriculture - Business Standard](https://feedsoft.ai/events/27271-as-dap-sales-dip-farmers-turn-to-more-beneficial-npks-shows-data-agriculture.md) | -0.4% | +2.0% |

## Sources

- emtiadefteri.com: https://www.emtiadefteri.com/emtia-flash-ghost-81578e7d85228fdba5ccf8d1/

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