SA maize crop has generally matured

Arithmus — Tue, 24 Apr 2018 12:10:43 +0000

South Africa’s maize crop has generally matured, which means cool and dry conditions are an ideal weather for the crop at this stage of development. The past weekend presented the precise favourable environment, which is cool and drier conditions across the maize-belt.
The forecast for the next two weeks suggests that conditions could remain unchanged which bodes well for the maize crop, ahead of the harvest period. This is, however, with the expectation of the southern parts of the Free State and the Eastern Cape provinces which could receive light showers in the week of 09 May 2018. This could, nonetheless, have minimal impact on the crop as rainfall is expected to be light and scattered, varying between 13 and 25 millimetres.
This week is data-packed, but the most anticipated release is the National Crop Estimate Committee’s (CEC) third production estimate for 2017/18 summer crops. Bloomberg analyst’s forecasts put South Africa’s maize harvest at 12.49 million tonnes, which is slightly higher than last month’s estimate of 12.42 million tonnes. About 51% of this is white maize, with the remainder being yellow maize. The favourable weather condition across the country support the optimism.
We will get an indication tomorrow. Suffice to say, a harvest above 12 million tonnes will be well above South Africa’s annual maize consumption of roughly 10.50 million tonnes, which then means that the country would remain a net exporter of maize in the 2018/19 marketing year which starts on 01 May 2018. The supplies received a boost from a large carryover stock of 4.1 million tonnes in the current marketing year

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

Agbiz Morning Market Viewpoint on Agri-Commodities 24 April 2018

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Tight supplies in the global maize market

Arithmus — Tue, 16 Oct 2018 13:44:19 +0000

Although the 2018/19 global maize harvest is expected to increase by 3 percent from the previous season to 1.07 billion tonnes, the global supplies will remain tight. This is due to an anticipated uptick of maize usage in industrial, animal feed industries. The industrial (mainly ethanol) and feed industries maize usages are set to increase by 3 percent and 4 percent from the 2017/18 season to 305 million and 645 million tonnes, respectively.
The uptick in demand from the animal feed industry is partly on the back of lower global wheat production resulting to feed processors switching to maize as a substitute. As a consequence of this, the 2018/19 global maize stocks are set to decline by 12 percent from the previous season to 261 million tonnes.
The wet weather conditions experienced last week in the US had a minimal impact on maize harvest activity, as well as crop conditions last week. The most recent data from the USDA shows that 39 percent of the US maize crop had already been harvest on 14 October 2018, which is 12 percent ahead of the corresponding period last year. In addition, this 4 percentage points ahead of the average five-year pace.
Also worth noting is that this 68 percent of the US maize crop was rated good or excellent on 14 October 2018, which is unchanged from the last week, but 3 percentage points better than the corresponding period last year.
Back on home soil, the eastern and central parts of the country received a fair amount of rainfall in the past few days which has slightly improved soil moisture. The next two weeks could bring additional showers over the maize growing areas which should further increase soil moisture and benefit the planting process.

Click HERE for the full report.

Sourced: Agbiz Morning Market Viewpoint on Agri-Commodities

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weather conditions – Agri Limpopo

SA maize crop has generally matured

Tight supplies in the global maize market