*SCALPSWINGSTRADDLE*

[THE_YAK]

Mosaic provides market outlook

Mosaic sees agricultural commodity and crop nutrient fundamentals remain intact despite recent political unrest in North Africa and the Middle East and the devastating earthquake and tsunami in Japan which have roiled commodity markets. The company said the world still needs to produce a record harvest this year and record crop nutrient use is required to achieve it. Grain and oilseed markets are expected to remain tight and to be highly sensitive to weather and political developments. The company is running its plants at high rates to keep pace with demand and potash inventories remain at historically low levels