Fertilizers (OW) (SOIL-US): the sun rises in the East. Mosaic (MOS-US) reported a strong Q2 EPS beat Monday.
The company foresees better market conditions in H2/20 and 2021 and our findings lead us to concur with this view. Potash prices should remain resilient following the settlement of the China and India contracts. Meanwhile, phosphate and nitrate prices have rebounded from lows seen last quarter. Case in point, the supply-demand backdrop has improved markedly, … Read more