South African Agricultural Commodities Weekly Wrap
The weather continues to dominate the domestic wheat market
June 21, 2018
The weather and trade policy remain topical issues in SA wheat market
June 25, 2018
The summer crop harvest activity is underway across South Africa, but the progress made thus far varies amongst grains and oilseeds. For example, maize had a late start compared to previous years due to delays in the planting at the start of the season (on the back of unfavourable weather conditions). Meanwhile, sunflower seed harvest activity is in full showing, with soybeans towards completion.
The weather will be a key focus within the next couple of weeks as it continues to influence the harvest activity of summer crops and growing conditions of new season winter crops. The forecasts for the next eight days show clear skies across the country, which should bode well for harvest activity, while it’s the opposite for winter crops.
The week ahead is data-packed, but the most anticipated release is the Crop Estimate Committee’s fifth production estimate for 2017/18 summer crops.
The SAFEX beef carcass market experienced a quiet week with prices unchanged from levels seen last week.
