Yes, I think $1200+ in the next three decades is a no-brainer. IMO we may see that price again before the end of this decade. A couple of reasons: 1) Inflation will be rearing it's ugly head in a big-time after we work through this deflationary period that I think lasts a couple of years. 2) The demand for fertilizer is going to increase dramatically in the next few years with what is going on in the emerging markets. They are requiring more food.

Prices for just about everything will be rising in the next few years.