Commodity markets paint mixed picture.

Domestic soybean usage declined.
August 3, 2017
Hoofstuk 6 van die NOP se plan vir grondhervorming.
August 4, 2017

Commodity markets paint mixed picture.

The South African agricultural commodity markets painted a mixed picture this week. The maize market gained ground owing to a combination of factors which include the weaker domestic currency and strong domestic buying interest, amongst others.

Meanwhile, wheat and oilseeds markets ended the week in negative territory, largely pressured by lower international prices and relatively large domestic supplies – particularly for oilseeds.

For fruits and vegetables, the week has again been fairly wobbly with daily stock levels underpinning the market. Lastly, there was nothing much happening in the SAFEX beef market, prices remained flat from the levels seen last week.

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