August Market Update

Geopolitical Unrest Threatens Grain Supply Recent collapse of the Black Sea Grain initiative and intensified political unrest continue to put Ukrainian exports at risk Black Sea Grain Initiative Shipments Mil Tonnes Ukraine Corn and Wheat Exports Barley 4% Sunflower oil 5% Sunflower meal 6% MOSAIC CONFIDENTIAL Wheat 27% Other 7% 32.9MMT* since July 2022 Corn 51% Source: UN Black Sea Grain Initiative Joint Coordination Centre, HDX * China (24%), Spain (18%) and Turkey (10%) accounted for 52% of total shipments. 60 50 40 30 20 10 0 21 Source: USDA 29 2019/20 17 24 2020/21 Corn 19 27 17 Wheat 28 2021/22 2022/23E 11 20 2023/24F Mosaic LO 5

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