Josh Linville - Fertilizer Market Breakdown: Nitrogen, Phosphate, and Potash

3279.194 - 3301.481 Josh Linville

50, for example, that's a good value. If it hits 50, I need to do a layer. I don't care what the grain price is. I don't care what the fertilizer price is because that is a value there. And that's the thing. Last summer, when I look at it from a NOLA Chicago perspective, the ratio dipped to 80. And that was a heck of a buy. We started jumping up and down saying, guys, opportunity.