Our price action analysis after its Q1 card suggests that the trap has continued to draw in buyers. The Mosaic Company ( NYSE: MOS) has seen massive interest from retail investors in 2022 as its stock continued its downtrend reversal from its COVID bottom in 2020.ĭespite a solid Q1 card in early May, we maintain our conviction that investors should capitalize on the current levels to take profit (partially or fully) and not ignore the massive bull trap already formed in MOS stock. Mosaic will release its second quarter results after markets close on January 4, 2012.Halbergman/E+ via Getty Images Investment Thesis Phosphate sales volumes were expected between 3.1 and 3.5 million tonnes, with prices in the range of $600 to $625 per tonne. Still, the company said that, for its second fiscal quarter, volumes and pricing were within its previously guided ranges for both phosphate and potash.įor potash, the company expected sales volumes between 1.7 and 2.1 million tonnes, with prices between $440 and $465 per tonne. "In response, we have decided to cut planned production by 250,000 tonnes over the next three months." "The current spot prices in this market do not reflect our outlook for the business, nor do we think they are sustainable," added Prokopanko.
Mosaic said it is attempting to match its supply to the current market's demand. Indeed, as crop prices pull back from earlier highs, farmers are holding off on purchasing fertilizers for the upcoming spring season.Īs the demand for phosphate and fertilizers declines, so do prices. "As dealers and distributors focus on the macroeconomic uncertainty and delay purchases for the North American Spring Season, near term supply of phosphate barges on the Mississippi River has exceeded near-term demand." President and CEO, Jim Prokopanko said: "Isolated phosphate market spot prices have become disconnected with the underlying agricultural fundamentals. The Plymouth, Minnesota-based company plans to reduce production by up to 250,000 tonnes through to March 31, 2012, in an effort to maintain sustainability. In New York, shares of the company fell 2.9 percent in pre-market trading to $48.83 Thursday. Mosaic ( NYSE:MOS) saw its shares drop early Thursday after reporting that it will curtail its production of finished phosphate, as spot prices for the popular fertilizer continue to fall. Nevertheless, all content published by Proactive is edited and authored by humans, in line with best practice in regard to content production and search engine optimisation.
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