Below is daily chart portraying the price action for the JUL16WMAZ price since the beginning of the year.  The contract broke upwards from its downward trend early May, as shown in the chart below, and has since rallied R537.  The price is only R54 off its contract all-time high, set back on March the 1^st of this year.  The strong rally comes likely on the back that white corn imports have not met expectations as yet.  The Rand also contributes to the rally as it continues to weaken to new 9 week highs this morning at R15.90/$.