MOS · 8-K · 20260804PR000109

Geopolitical and Weather Risks

MOSAIC CO · 2026-08-04 · Importance 23 · Surprise 24

Mosaic reported that agricultural commodity prices rose as Middle East tensions reignited, Russia-Ukraine attacks intensified, and dry weather pressured key growing regions. The company said drought risk and heavy nutrient removal could threaten near-term crop yields while supporting a later recovery in fertilizer demand. Global phosphate supply is expected to remain constrained through the balance of 2026 because of production curtailments, reduced Chinese exports, and ongoing raw-material disruptions. Demand conditions were described as uneven by region, with stronger activity in the Americas and India ahead of the Rabi season.