The winter wheat producer deliveries have declined significantly
Media release / Mediaverklaring Game Of Stars Project
February 15, 2018
Agbiz Morning Market Viewpoint on Agri-Commodities: 19 February 2018
February 19, 2018
The winter wheat producer deliveries have declined significantly.
Apart from the United States Department of Agriculture’s World Agricultural Supply and Demand Estimates report, and domestic weekly grain trade and producer deliveries data, this was a fairly quiet week in the South African agricultural commodities markets.
The uptick in grain and oilseed prices was mainly supported by commercial buying interest, as well as the bullish sentiment from the Chicago grain market. The notable improvements were on soybeans and sunflower seed with the spot price up by 3% and 2%, respectively, compared to the previous week. The maize and wheat prices were each up by 1% from last week, respectively.
The week ahead could present more of the same as the data calendar is quite light with only weekly grain trade and deliveries data due for release.
For fruits and vegetables, the week has again been volatile with lower daily stocks underpinning the market. The SAFEX beef carcass market remained flat throughout the week due to thinly traded volumes.
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South African Agricultural Commodities Weekly Wrap 16 February 2018
