Soft commodities seem to be in the bottoming phases which could last another 6-9months. Run a correlation between Potash vs Argi and they run in tandem. I understand SOP is a different kettle of fish hence it is not a worthy rule to run by.
We have seen SO4/AMN dart into the wind and GPH being held down because of certain decisions to deal with 3rd parties. This is just my opinion.
As Thunder54 said, til they are gone, then the real move will start. Chart shows a chance of 6c though it would be extreme to get there. Prefer to wait for a break.
Good luck all, wish you the best...
Soft commodities seem to be in the bottoming phases which could...
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