Mosaic volatility low into Q3 and Chinese potash demand outlook Mosaic April call option implied volatility is at 25, May and June is at 24; below its 26-week average of 28 according to Track Data suggesting decreasing price movement into the expected release of Q3 results on March 28.
News For MOS From The Last 14 Days
Check below for free stories on MOS the last two weeks.
Mosaic lower after deferring potash expansion Mosaic, which produces and markets phosphate and potash crop nutrients for the agriculture industry, is trading lower after saying it is scaling back its potash expansion on a company conference call. WHAT'S NOTABLE: Mosaic CFO Larry Stranghoener said the company is deferring a project to add 2M metric tons a year of potash production capacity. Stranghoener added that the company will reassess market conditions within the next 12 to 24 months and "make a determination at that time whether those projects are warranted." PRICE ACTION: Mosaic shares are trading down $2.23 or 3.52% to $61.05 in afternoon trading.