Ann: Correction - Exercise and Lapse of Options, page-24

  1. 7,704 Posts.
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    Its usually a lagging indicator from Urea given its application.

    Look at the Urea price chart for example:

    https://hotcopper.com.au/data/attachments/5877/5877661-917e12b159748a0675534404e07f2ef3.jpg
 
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