Bruce Bodine

Bruce Bodine leads Mosaic Company as President and CEO, overseeing one of the world's largest producers of concentrated phosphate and potash — the two essential crop nutrients (along with nitrogen) that modern agriculture depends on to feed the global population. Mosaic's operations span the fertilizer value chain: mining phosphate rock in Florida and processing it into concentrated phosphate fertilizers (DAP and MAP), mining potash in Saskatchewan (Canada) and New Mexico, and distributing fertilizers in Brazil through Mosaic Fertilizantes. Phosphate and potash are irreplaceable in agriculture — there are no synthetic alternatives for these nutrients, and global food production would collapse without them. Mosaic is the world's largest integrated phosphate producer and one of the largest potash producers. The company's Brazilian distribution business provides access to the world's fastest-growing major agricultural market (Brazil is a top global exporter of soybeans, corn, beef, and sugar). Fertilizer markets are cyclical, driven by crop prices, farmer purchasing patterns, and supply disruptions. The Russia-Ukraine conflict in 2022 caused a massive spike in fertilizer prices (Russia and Belarus are major potash producers). Key stock drivers include global phosphate and potash prices, crop prices (corn, soybeans, wheat — which drive farmer spending on fertilizers), Brazilian agricultural demand, production volumes and mining costs, weather patterns affecting planting and application, and geopolitical supply disruptions.