Possible that wheat may go lower but it is up from its low of recent weeks of 470 and is now trading at 490 on CBOT. That plus the RSI is moving upwards at the moment.
Inputs will have to rise based on demand. The low demand recently was due to the farmers relying on the previous years inputs stored in the soil. Without replenishing this fertilizer source, the crop yields will drop.
dap sales at $474, page-3
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