August Market Update

Brazil Fertilizer Shipments Forecast Bag/MT 40 35 30 25 20 15 10 5 0 Soybean and corn price escalation is driving further improvement in barter ratio, providing upside to 2023 shipments Brazil Soybean Barter Ratio Brazil Fertilizer Shipments 15 Bag/MT 70 60 50 40 30 20 10 0 15 16 16 MOSAIC CONFIDENTIAL 17 17 Less Affordable Fertilizers More Affordable Fertilizers 18 19 20 21 Brazil Corn Barter Ratio Less Affordable Fertilizers More Affordable Fertilizers 18 19 20 21 Source: Fertilizer Week, CME, ANDA, Mosaic Data through July 27, 2023 22 22 23 23 Mil Tonnes 50 45 40 35 30 25 20 Actual/Estimate Forecast Range 10 11 12 13 14 15 16 17 18 19 20 21 22 23F Mosaic 8

View entire presentation