Data-packed week for grain and oilseed markets.
Bagful of cost rises could counteract lower maize price.
September 1, 2017
Soybean supplies higher than previous season.
September 4, 2017
This was a data-packed week for grain and oilseed markets with releases that include production estimates updates, producer deliveries and weekly trade figures data, amongst others.
The most anticipated of the lot was the CEC’s seventh production estimate which showed a 3% month-on-month upward revision in estimated maize production to an all-time high of 16.41 million tonnes.
Overall, the market ended the week on a mixed footing, with wheat showing a notable loss of 9% from last week. The calendar for the week ahead is fairly light with only weekly grain trade and deliveries data due for release.
Apart from this, the fruit and vegetable prices were volatile throughout the week with daily stock levels underpinning the market. The SAFEX beef market remained flat throughout the week.
Click here for the South African Agricultural Commodities Weekly Wrap.
