Apart from the USDA’s monthly report, weekly grain and oilseed trade data, and the producer deliveries, this was a fairly quiet week in the South Africa agricultural commodities markets.
Having said that, the weaker domestic currency, coupled with higher Chicago prices led to widespread gains in the markets this week. The notable uptick was on soybean with the spot price up by an average 8% compared to the previous week. White and yellow maize spot prices were up by an average 6% this week.
For the third consecutive week, the fruits and vegetables prices have been fairly volatile with daily stock levels underpinning the market.
The SAFEX beef market ended the week in positive territory due to an increase in traded volumes.
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