As Mosaic's New Potash Mine Lowers Unit Costs, Higher Near-Term Fertilizer Prices Will Boost Profits
Mosaic reported strong third-quarter results, as operating earnings grew roughly 84% year on year to $393 million, driven by higher fertilizer prices that led to greater profits across all segments. We've also increased our 2019 phosphate fertilizer price forecast on an FOB Morocco basis to $410 per metric ton from $400, as we see a slower pace of Chinese phosphate production restarts. This will support higher prices during the year. Our 2019 potash price forecast of $300 per metric ton remains ...Mosaic is a producer and marketer of concentrated phosphate and potash crop nutrients. The company is organized into three reportable business segments: Phosphates, which owns and operates mines and production facilities in Florida that produce concentrated phosphate crop nutrients and phosphate-based animal feed ingredients, and processing plants in Louisiana that produce concentrated phosphate crop nutrients; Potash, which mines and processes potash in Canada and the United States and sells potash in North America and internationally; and Mosaic Fertilizantes, which produces and sells concentrated phosphates crop nutrients, phosphate-based animal feed ingredients and potash fertilizer.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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