|Bid||25.88 x 300|
|Ask||25.89 x 800|
|Day's Range||25.75 - 26.14|
|52 Week Range||19.23 - 29.20|
|PE Ratio (TTM)||N/A|
|Earnings Date||May 7, 2018|
|Forward Dividend & Yield||0.10 (0.41%)|
|1y Target Est||28.95|
Last week, potash prices remained strong with overall flat to positive movement. Prices in Brazil and Southeast Asia remained particularly strong week-over-week.
In the week that ended on April 13, 2018, DAP (diammonium phosphate) prices were broadly flat to negative, which followed the lead of urea prices (NANR), as we discussed earlier. However, prices remained higher compared to the corresponding week last year.
Second paragraph, first sentence of release should read: Mosaic expects to release the earnings results at approximately 4:30 p.m. Eastern Time, simultaneously posting performance data on its website in a tabular form (instead of Mosaic expects to release the earnings results at approximately 3:30 p.m. Eastern Time, simultaneously posting performance data on its website in a tabular form). The Mosaic Company (MOS) plans to release 2018 first quarter earnings results on Monday, May 7, 2018, after the market close of the New York Stock Exchange. Mosaic expects to release the earnings results at approximately 4:30 p.m. Eastern Time, simultaneously posting performance data on its website in a tabular form.
In the week that ended on April 13, 2018, urea prices were broadly flat to negative at the NOLA (New Orleans) and Brazil locations. The weakness in urea prices was a continuation of the trend we’ve observed in the last six consecutive weeks. Last week, granular urea prices at the NOLA location in the United States fell as much as 3.5% week-over-week to $200 per metric ton from $207 per metric ton in the previous week.
Last week, which ended on April 13, 2018, the agribusiness sector was broadly positive, with the VanEck Vectors Agribusiness ETF (MOO) ending at a rise of 2.5% week-over-week.
For years, there have been discussions regarding the future food needs, as the population is expected to reach 9 billion by 2050, which means that we will need to grow 50% more food to satisfy the demand. At the same time, expanding agricultural production has many downsides, since many countries employ agricultural practices from the […]
The Fertilizer Affordability Index issued by the Mosaic Company (MOS) showed that fertilizers continued to be more affordable last week. The Fertilizer Affordability Index fell to 0.64x from 0.66x from a week ago. The index can be influenced by either a movement in fertilizer prices or crop prices.
MAP (monoammonium phosphate) prices last week were broadly negative, which was similar to the weakness in DAP (diammonium phosphate) prices last week that we discussed in the earlier part of this series.
In the week ended April 6, DAP (diammonium phosphate) prices at the seven locations discussed below were broadly flat to negative except in India where DAP prices rose 24 basis points week-over-week to $424 per metric ton from $423 per metric ton.
The Canadian province of Saskatchewan, home to major potash and uranium reserves, said on Tuesday it would run a smaller deficit in the current fiscal year and balance its books in 2019-20 as it keeps a tight lid on spending despite projected higher commodity prices. Saskatchewan, which has endured a slump in its resource revenues in recent years, projected a C$365 million deficit for 2018-19, which follows a C$595 million deficit forecast for the fiscal year that ended on March 31. The right-leaning Saskatchewan Party, which controls a provincial majority and is led by Scott Moe, expects to run a modest C$6 million surplus in 2019-20 and then projects higher surpluses in future years.
Natural gas prices affect the profitability of nitrogen as well phosphate producers (XLB) such as Mosaic (MOS), Nutrien (NTR), CF Industries (CF), and CVR Partners (UAN). Low natural gas prices help these companies stay competitive and keep fertilizers affordable.
Urea prices continued to decline last week at the locations discussed below. The weakness in urea prices continues to extend in comparison to the recent peak levels seen in February and March 2018.
Last week, the VanEck Vectors Agribusiness ETF (MOO) ended the week in positive territory with a rise 46 basis points week-over-week, while the S&P 500 Index rose by 1.1%. The market experienced high volatility stemming from fears of a trade war between the US and China along with negative movements in the tech sector.
Speaking of great companies, it’s time to update you on The Mosaic Company (NYSE:MOS), which is my pick in the Best Stocks for 2018 contest. As a reminder, it is the world’s leading producer of concentrated phosphate and potash.