Mosaic is cutting phosphate output because affordable sulfur is limited, but it expects positive cash flow and lower spending. The operating strain and cash protections point in different directions, leaving the story without a clear change to its outlook.
Lower spending and secured sulfur supplies can protect cash when phosphate operations are under pressure. But reducing output shows the challenge is still affecting production. These strains and protections point in different directions, so the call does not change Mosaic's outlook.
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