South African Agricultural Commodities Weekly Wrap.

South Africa’s Crop Estimate Committee reaffirmed its view of large maize and soybean supplies this season.
April 26, 2017
Agbiz Morning Market Viewpoint on Agri-Commodities: 02 May 2017.
May 2, 2017

South African Agricultural Commodities Weekly Wrap.

South African agricultural commodity markets painted a mixed picture this week. The maize market saw substantial losses on the back of expected large supplies, as well as a relatively stronger Rand against the US Dollar.

Oilseeds (soybeans and sunflower seed) market also closed in negative territory as the bearish sentiment prevailed, on the back of expected large supplies.  Meanwhile, wheat gained ground on the back of expected decline in acreage in the 2017/18 production season.

For fruits and vegetables, the week has again been fairly volatile with daily stock levels underpinning the market. The SAFEX beef prices remained unchanged from the previous one.

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