Here's One Commodity Rally That May End Up Being Short-Lived
- Prices for a type of nitrogen fertilizer are up 60% since June
- But analysts caution the industry still has excess capacity
An employee inspects stores of ammonium nitrate at a nitrogen fertilizer production facility.
Photographer: Andrey Rudakov/BloombergThis article is for subscribers only.
Is it finally time to get excited about nitrogen fertilizer?
Since the end of June, prices for the world’s most commonly used crop nutrient have soared 60 percent in the U.S. -- rebounding from the lowest levels in more than a decade. There have been similar moves in Brazil, India and the Middle East as some major consumers unexpectedly boost purchases.