"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.
#Mosaic stock price today software
Proactive will on occasion use automation and software tools, including generative AI. The team also has access to and use technologies to assist and enhance workflows. Our human content creators are equipped with many decades of valuable expertise and experience. Proactive has always been a forward looking and enthusiastic technology adopter. The team delivers news and unique insights across the market including but not confined to: biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto and emerging digital and EV technologies.
This is content that excites and engages motivated private investors. We are experts in medium and small-cap markets, we also keep our community up to date with blue-chip companies, commodities and broader investment stories. Proactive news team spans the world’s key finance and investing hubs with bureaus and studios in London, New York, Toronto, Vancouver, Sydney and Perth. All our content is produced independently by our experienced and qualified teams of news journalists. A similar move from its current perch would put Mosaic stock just below the $74 level, and closer to its April 18, 11-year high of $79.28.Proactive financial news and online broadcast teams provide fast, accessible, informative and actionable business and finance news content to a global investment audience. Over the past three years, there have been five similar occurrences, with the security logging a positive one-month return 60% of the time and averaging a 10.4% pop. Specifically, MOS just came within one standard deviation of its 60-day moving average after a lengthy period above the trendline, per a study from Schaeffer's Senior Quantitative Analyst Rocky White. MOS just pulled back to a key trendline on the charts that could, if history is any indicator, send the stock even higher in the coming month. A strong earnings report isn't the only thing providing tailwinds, however. The company said it expects the remainder of 2022 to be strong as the prices of crop nutrients surge, pushed higher by sanctions on Russia - a major exporter of potash and other essential crop nutrients.
The shares of Mosaic Co (NYSE:MOS) are enjoying a nice post-earnings lift today, last seen up 7.1% at $66.93 after sharing a first-quarter profits that beat expectations and a 71% jump in revenues since last year.
0 kommentar(er)
