Grain and soft commodity prices are not going to head south...

Grain and soft commodity prices are not going to head south until the next northern crop sitution becomes clear - at best.
So essentially tightness in the grain markets is gong to continue to at least mid next year - at the same time - continuing to underscore the strength of fertiliser markets.
Thus, RP pricing is only gong to edge higher from current levels, RP historically trails DAP pricing trends by up to 6 months.
The above scenario can only add weight to a MAK Management pitch to try and find conerstone investors.