No. It sounds like your bag of soil sat out in the rain and was saturated with water. The organic matter in the soil does a good job of storing moisture but in your case with the soil enclosed in plastic it did too good of job. When I open a bag of Osmocote potting soil it is always light and fluffy and a bit moist, but not wet. Don't let that soaked soil go to waste - either mix it into your garden beds (you don't want to waste any of the fertilizer already in the soil) or mix it half and half with a fresh bag of potting soil. I store my potting soil under cover and away from rain, and I roll up half opened bags and clip them closed with a clothes pin. This keep the soil moist but not wet until it is time to plant again. Keep growing, Marianne Binetti