Long bonds are doing something they have not done in years: pricing real risk. With the 10-year Treasury at 4.67% and the 20- and 30-year already above 5%, capital is rotating out of duration-sensitive growth and into companies that actually make stuff out of the ground.

The Mosaic Company is positioned to recapture its post-crisis share price as the crisis is likely to end. Fertilizer prices, especially for phosphate and potash, are surging due to supply chain bottlenecks and raw material shortages. MOS management is proactively cutting CapEx by $250M, selling mines, and optimizing capital allocation to weather near-term challenges.

Mosaic Company (NYSE:MOS) on Monday reported mixed first-quarter results.

Mosaic NYSE: MOS executives said the company is cutting costs, curtailing some phosphate production and reducing capital spending as geopolitical disruptions drive raw material shortages and pressure fertilizer industry margins.

The Mosaic Company (MOS) Q1 2026 Earnings Call Transcript

Mosaic misses Q1 earnings estimates as higher raw material costs pressure margins, though sales rise 14% on stronger fertilizer prices.

U.S. stocks traded higher this morning, with the Dow Jones gaining around 0.1% on Monday.

The headline numbers for Mosaic (MOS) give insight into how the company performed in the quarter ended March 2026, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Mosaic (MOS) came out with quarterly earnings of $0.05 per share, missing the Zacks Consensus Estimate of $0.2 per share. This compares to earnings of $0.49 per share a year ago.

Mosaic withdrew its phosphate production guidance and said it would limit capital expenditures for the year, as surging sulfuric acid prices weigh on its operations.