Posted 11/30/2007 08:14 (#249436 - in reply to #248777) Subject: RE: Hedging fertilizer costs?
That used to be a pretty successfull strategy. But the ammonia market is nearly completely disconnected from the natural gas market now. Haven't checked in the past couple weeks but there was a time this fall that natural gas was about half the price of a year ago and ammonia was up 50% over a year ago.
Hedging fertilizer costs?
