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Stock impact report

Fertilizer company Mosaic sees high ag commodities prices continuing [MarketWatch]

Mosaic Company (The) (MOS) 
Last mosaic company (the) earnings: 2/19 04:42 pm Check Earnings Report
US:NYSE Investor Relations: investors.mosaicco.com
Company Research Source: MarketWatch
Referenced Symbols Fertilizer and feed producer Mosaic Co. late Monday said Russia's invasion of Ukraine continues to push prices of some agricultural commodities higher, with the conflict also impacting fertilizer supplies amid low stocks globally. Russia and Ukraine together supply more than a quarter of the world's wheat and barley, 16% of corn, and more than three quarters of global sunflower oil, Mosaic MOS, said. That “supply uncertainty” continued to drive grain and oilseed prices higher, and prices were already higher before the February invasion amid a 20-year low in global stocks-to-use ratios, the company said. Related: Corn futures climb to their highest prices in nearly a decade Mosaic reported first-quarter earnings after the bell Monday, with shares down more than 2% following mixed results. The Tampa, Fla., company said it earned $1.18 billion, or $3.19 a share, in the first quarter, compared with $157 million, or 41 cents a share, in the year-ago period. Show less Read more
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