Sure, why not. They should have gone with FERT as the symbol though.
From ETF Database:
Global X notched another ETF industry first on Thursday, debuting a fund that focuses on companies globally that are engaged in some aspect of the fertilizer industry. The Global X Fertilizers/Potash ETF (SOIL) seeks to replicate the Solactive Global Fertilizers/Potash Index, a benchmark that includes about 29 companies from both developed and emerging markets.HT: Notable Calls
U.S. stocks account for about 22% of the index underlying SOIL, followed by Israel (14%), Canada (12%), and Australia (9%). The largest individual allocations in the underlying benchmark go to Illinois-based fertilizer manufacturer CF Industries (5.3%), Norwegian fertilizer producer Yara International (5%), and Australian chemicals and explosives manufacturer Incitec Pivot Ltd. (4.9%)....MORE