South African Agricultural Commodities Weekly Wrap – 23 June 2017.

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South African Agricultural Commodities Weekly Wrap – 23 June 2017.

The South African agricultural commodities markets were not very active this week. It seems that markets have dried up of bearish news. The forecasts of large harvest have already been priced in.

Overall, there were marginal losses across the grain markets this week, with the exception of oilseeds which benefited from international factors and a relatively weaker domestic currency.

With that being said, the week ahead is data parked, with National Crop Estimate Committee’s fifth production estimates and SAGIS monthly data due for release. Any notable changes in these particular data points could lead to movements in the grain market.

For fruits, vegetables and SAFEX beef carcass, the week has been fairly volatile, driven by changes in volumes traded.

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