Price Action Analysis: The Mosaic Company

On June 26, The Mosaic Company (NYSE: MOS) announced that it had filed petitions with the US International Trade Commission (ITC) and the US Department of Commerce (DoC) requesting the imposition of countervailing duties (CVDs) on imports of phosphate from Morocco and Russia. Mosaic’s stock has, since that date, appreciated 230% as of the market close on Tuesday, January 19, with price increases following key events related to the investigation.

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Ainsley Shea
Market Impact Analysis: CVD Investigation on Fertilizer Causing Tight U.S. Supply is Costing U.S. Farmers

The U.S. International Trade Commission (ITC) announced on 29 June 2020 - more than six months ago - that it was initiating the preliminary phase of a countervailing duty investigation (CVD) on the imports of phosphate fertilizer from Morocco. That investigation was triggered by a petition from Mosaic Company, the largest phosphate fertilizer company in the U.S. historically enjoying nearly three-quarters of the U.S. market share.

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Ainsley Shea