This was a data-packed week for grain and oilseed markets, with the most notable release being the CEC’s intentions-to-plant data for 2017/18 summer crop production season, and winter wheat third production estimate.
From a summer crop perspective, there is optimism regarding the upcoming season with farmers intending to increase the area plantings by 1% from the 2016/17 production season to 4.03 million hectares. Meanwhile, winter wheat crop was revised down by 3% from the previous estimate to 1.66 million tonnes.
This data came after the market closed, therefore it had limited impact on this week’s prices. Overall, the market ended the week on a mixed footing, with good gains in all commodities, except sunflower seed that remained in negative territory.
The fruit and vegetable prices were volatile throughout the week with daily stock levels driving the market. The SAFEX beef carcass market remained flat throughout the week due to thinly traded volumes.
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