South African Agricultural Commodities Weekly Wrap

• The weather remains a primary focus in the South African grain and oilseed market as it continues to influence the harvest activity of summer crops and planting progress in winter crop areas.
• The drier weather conditions in the past couple of days benefitted summer crop harvest activity, whereas somewhat slowing the planting in the winter areas that needed rainfall.
• The forecasts for the next eight days paint a slightly troubling picture for both summer and winter crop areas. Summer crops might receive rainfall which could slow the harvest activity. Meanwhile, winter crop areas of the Western Cape province, which urgently need moisture, could experience continued dryness which might further slow the planting activity.
• Aside from that, this was a quiet week, with most commodities prices in positive territory with the exception of soybeans which lost ground, in line with the Chicago market.
• The SAFEX beef carcass market experienced a quiet week with prices unchanged from levels seen last week.

Read the full report by Wandile Sihlobo in the attachment below:

South African Agricultural Commodities Weekly Wrap 11 May 2018