South African Agricultural Commodities Weekly Wrap – 10 February 2017
South African agricultural commodity markets painted a mixed picture this week. The maize market gained ground on the back of a weaker Rand against the US Dollar, as well as strong domestic buying interest.
Moreover, the wheat market closed in positive territory this week, also supported by the weaker Rand against the US Dollar and higher Chicago wheat prices.
The oilseeds market painted a mixed picture, with the sunflower seed market closing in negative territory, whereas, soybeans managed to gain ground on the back of lower stock levels.
For fruits and vegetables, the week has again been fairly wobbly with daily volumes/stock levels underpinning the market. Lastly, the SAFEX beef market saw a quiet week with prices unchanged from last one.
Click here to read the full report: Agbiz