Mosaic Co

Last week, DAP prices in Tampa rose the most, rising 1.7% week-over-week to $427 per metric ton, from $420 per metric ton.

Like DAP (diammonium phosphate) prices last week, MAP (monoammonium phosphate) prices were broadly flat to positive WoW (week-over-week) but stayed higher YoY (year-over-year).

Mosaic is expected to report EPS of $0.28 in 1Q18, which would be a significant rise from its EPS of $0.04 in 1Q17.

Last week, the DAP prices in the NOLA region rose by 53 basis points to $344 per metric ton from $342 per metric ton.

In the week ending January 26, potash prices at the locations discussed below were broadly flat to positive and remained strong compared to levels observed a year ago.

Potash prices remained strong in the week ending January 19.

MAP prices In the earlier part of this series, we discussed that DAP (diammonium phosphate) prices were broadly mixed week-over-week, while they were much higher year-over-year. MAP (monoammonium phosphate) prices last week also followed the same trend. Let’s look at it below. Weekly movements Last week, MAP prices were broadly mixed week-over-week at the two locations […]

DAP (diammonium phosphate) prices have been moving higher from levels observed in late 2016 and early 2017.

Nine Wall Street analysts are covering Scotts Miracle-Gro, They have a consensus mean rating of 2.3 on the stock with an overall “buy” recommendation as of January 10, 2018.

The potash fertilizer prices for both granular and standard grade were comfortably higher compared to the levels observed last year around the same week.

Phosphate prices Earlier in this series, we discussed phosphate prices in 2017 and what has driven prices down recently. We saw that excess capacity pushed down phosphate fertilizer (NANR) prices during the year. In this part, we’ll look at supply and demand trends for phosphate fertilizers in 2018. Supply and demand In 2017, overall global […]

Performance comparison In our series Comparative Analysis of Fertilizer Companies’ 3Q17 Earnings, we compared fertilizer companies’ 3Q17 performance. However, as the agriculture business is seasonal, we should also look at annual trends for a complete picture.   Year-over-year sales In the above chart, we compare agribusiness companies’ sales over the last 12 months and the year prior. All […]

MAP (monoammonium phosphate) prices have shown strength in recent weeks, moving higher to peak at $ $403 per metric ton in Brazil.

Mosaic (MOS) has had a disappointing year so far compared to PotashCorp (POT) and Agrium (AGU). MOS stock significantly underperformed the S&P 500.

In this part of the series, we’ll look at the dividend yield trends for PotashCorp (POT), Monsanto (MON), Mosaic (MOS), and FMC (FMC).

Last week, which ended December 8, 2017, saw a slight rise in the Fertilizer Affordability Index issued by Mosaic (MOS).

Last week, which ended December 8, 2017, overall potash prices were broadly flat to positive at the four locations we’re covering in this series.

Last week, which ended December 8, 2017, was broadly mixed for movements in DAP (diammonium phosphate) prices. Some regions saw weekly gains, and others moved sideways to negative.

Potash prices Potash prices remained firm for the week ending December 1. In most of the regions discussed below, the weekly prices of potash fertilizers were flat to positive. Weekly movements Last week, the granular potash prices in the Cornbelt region of the US (MOO) rose ~1.2% week-over-week to $234 per metric ton from $231 […]

Last week, the granular MOP (muriate of potash) prices in NOLA (New Orleans) in the US (NANR) rose by as much as 45 basis points week-over-week to $203 per metric ton.

The prices for DAP (diammonium phosphate) in most of the regions of the world saw positive momentum last week.

PotashCorp owns 28% of Arab Potash and can appoint three of the latter’s 12 board members. It can also reportedly appoint senior management positions.

Last week, urea prices at the Yuzhny location fell as much as 4.1% week-over-week to $256 per metric ton from $267 per metric ton a week ago.

Last week was broadly flat for potash prices in the three locations discussed below.

Last week, surprisingly, the prices for DAP (diammonium phosphate) saw positive momentum week-over-week.

In 3Q17, Mosaic (MOS) reported sales growth of ~2% YoY (year-over-year) to $2 billion, which grew from $1.95 billion in 3Q16.

Last week, the Fertilizer Affordability Index rose again week-over-week from 0.69x to 0.70x.

As on October 25, the consensus analyst rating for Mosaic stood at 3.0, which suggests an overall “hold” recommendation for the stock.

FMC (FMC) stock has risen 6.0% over the past month. The stock has significantly outperformed the benchmarks (SPY) (MOO) YTD with a 68.0% rise.

India is another major market for NPK (nitrogen, phosphate, and potash) fertilizers. The country is partly self-sufficient in nitrogen fertilizers.

Among the three NPK (nitrogen, phosphate, and potash) fertilizers, phosphate fertilizers have had the worst recovery.

In recent months, MAP prices in Brazil have been on a downward trajectory. However, MAP prices appear to have found firmness in recent weeks.

The market environment for potash has seen a better recovery than nitrogen and phosphate fertilizers have seen.

PotashCorp’s (POT) phosphate segment contributed almost a fourth of overall sales for 2Q17. Sales were driven by shipments and price realizations.

PotashCorp (POT) had lackluster earnings growth last year. However, the company reported EPS (earnings per share) growth in 1Q17.

Mosaic (MOS) remains a painful investment for investors. The company has delivered losses of 18.7% year-to-date as of July 13.

For 2016, India’s imports of nitrogen fertilizers, which only included numbers for urea, fell 27.0% to 4.9 million metric tons.

Over the past five years, CF Industries’ (CF) gross and EBITDA (earnings before interest, tax, depreciation, and amortization) margins have contracted.

On June 9, Monsanto (MON) stock closed at $117.5 per share.

PotashCorp’s average realized prices for phosphate fell ~15% to $423 per ton in 1Q17, as compared to $499 per ton in 1Q16.

According to PotashCorp, the outlook for potash appears positive in 2017. North America, Latin America (especially Brazil), India, and China have been running low on inventory.

Wall Street analysts estimate that Mosaic (MOS) could report gross income of $209 million, which represents a 41% year-over-year fall from $355 million in 4Q15.

Overall shipments for PotashCorp’s Phosphate segment fell 6.0% in 4Q16 to 0.72 million tons, from $0.76 million tons in 4Q15.

PotashCorp (POT), which is currently trading at an EV-t0-EBITDA multiple of 15.0x, is trading far above its low point of 6.0x a year ago.

Potash salts are the key cost of production for potash, so most producers have an integrated production.

Since phosphate rock is one of the major costs of production, companies such as Mosaic (MOS) have an integrated production process.

Fertilizers are commonly labeled using a convention that includes the amount of NPK available in the mix.

There’s a constant need to bring up the fertility levels necessary to grow crops, and that need is fulfilled by fertilizers.

Increasing crop yield on available farmland could be the best solution to the problem of increasing crop production.

The Phosphate segment’s shipments rose 23% to ~2.5 million tons from ~2 million tons in 3Q15—compared to guidance of 2.4 million–2.7 million tons.