Mosaic (MOS) Issues Sales Warning; Shares Fall Another 9% in After-Hours Trading

After dropping more than 16% during today's trading session, shares of Mosaic (NYSE: MOS) have now added another 9% to the intraday decline following a sales warning announced after the close. Mosaic attributed "soft market conditions" for the lower Q2 sales volume and withdrawn 2009 sales volume guidance.

Shares of Mosaic most recently traded at $23.25.

As the popular ag stocks (Mosaic, Potash (NYSE: POT), Monsanto (NYSE: MON), and CF Industries (NYSE: CF)) often trade very similarly, these other ag names are also adding to today's downside in after-hours trading. Shares of Potash are currently down 6.7% to $52.70, shares of CF are down 3% to $42.93, and shares of Monsanto are down 1.4% to $70.14.

The Mosaic Company engages in the production and marketing of concentrated phosphate and potash crop nutrients for the agriculture industry worldwide.

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