SA Agricultural Commodities Weekly Wrap: Grain and Oilseed market

The weaker Rand against the US Dollar provided support to the South African grain and oilseed market this week, thus overshadowing the bearish sentiment that stemmed from expectations of a large harvest.
The notable gains were on white and yellow maize with the spot prices each respectively up by 2 percent from last week. Sunflower seed and soybean prices were each up by a percentage point compared to last week’s average prices. Wheat price was up marginally from the previous week.
Aside from this, there is not much happening in the grain and oilseed market. The summer crop harvest activity is underway across the country and should gain momentum in the coming weeks as weather conditions are expected to be favourable.
The week ahead is data-packed, but the most anticipated release is the National Crop Estimate Committee’s fourth production estimate for 2017/18 summer crops.
The SAFEX beef carcass market experienced a quiet week with prices unchanged from levels seen last week.

Full report available in the link below.