Below is daily chart for the JUL16WMAZ contract.  The contract broke higher and clear of its monthly trading range over the past couple of sessions on the back of higher cash month prices, reports on early frost over certain parts of the country and the weaker Rand…and probably expectations that the Rand could even weaken further as it hovers around the R15/$ mark.  With white maize contracts open for extended limits today, i.e. R150 move, could we see a breach of the R4800 level and maybe even R4900 or has this rally gone too far?