Mosaic is one of the world's leading producers and marketers of concentrated phosphate and potash crop nutrients. Fertilizer prices are currently trading at record highs.
Historically, when fertilizer prices have gone up, Mosaic’s share has followed with the same trajectory. However, Mosaic’s share price presently remains well below levels reached in previous commodity bull markets. We believe fertilizer prices will remain high, and Mosaic’s share price is going to play catch up.