South African Agricultural Commodities Weekly Wrap

The weather remains a key focus in the local agricultural market but could have a different impact on crops than the past couple of weeks.

The crops in areas that planted in the optimal summer planting window have matured, and are therefore approaching the harvest period, which requires drier weather conditions. Fortunately, the near-term weather forecasts provide a positive outlook, with light showers, however, expected to return in some areas in the week of 05 May 2018.

Apart from that, this was a fairly quiet week and most commodities prices settled in positive territory, with the exception of wheat which registered marginal losses.

The week ahead is data-packed, but the most anticipated release ics the National Crop Estimate Committee’s third production estimate for 2017/18 summer crops. The sentiment in the market is fairly positive following good rainfall in the past few weeks.

Aside from grains and oilseeds, the SAFEX beef carcass market experienced another quiet week with prices unchanged from levels seen last week.

Find full report by Wandile Sihlobo in attachment below:

South African Agricultural Commodities Weekly Wrap 20 April 2018