Fertilizer Market Getting Messy; Canaccord Downgrades Mosaic and Potash

Mosaic (MOS) lowered its estimates for fiscal second quarter potash and phosphate volumes today on weak international sales, and said demand might not pick up until next year. Canaccord Genuity analyst Keith Carpenter downgraded both Potash (POT) and Mosaic to Hold on concerns about international demand and prices. “The continued absence of potash supply contracts [...]