Below is a line graph portraying the July yellow maize spread over the July white maize spread for the current year in red and the past 3 years. The current year spread opened sharply mid-November with more than R1000 as the white maize price surged R1700 between Nov19th and Jan 6th whilst it’s yellow counterpart only rallied R602 over the same period. The spread touched R1279 with JUL16WMAZ above JUL16YMAZ. The spread closed R240 over the past couple of days, since Jan 6th , as the white maize contract dropped R241 whilst its yellow counterpart only dropped R1….
