While nearby prices for fertilizers continue to show weakness due to plunging demand and oversupply, forward bids are starting to creep higher for January and February delivery on international markets, the first hint that the complex may be trying to bottom.
However, producers trying to secure supplies may find themselves grasping at a brass ring that's always out of reach.
Inventory reports out for the end of November show just how fast stocks built when buyers stepped away from the market due to the global financial crisis.
Manufacturers announced more cutbacks in production this week, as they move quickly to slash output. Now, the question is whether they will be able to supply all the product farmers need in a relatively short amount of time this spring.
To read Bryce Knorr's complete weekly fertilizer review, click HERE.