Agbiz
Friday May 18th, 2018
The weather was again a primary focus in the South Africa grain and oilseed market this week. The most notable releases were the Seasonal Climate Forecast Update from the International Research Institute (IRI) for Climate Change Society at the Columbia University, which suggested that the Western Cape province could receive above-normal rainfall between June and August 2018.
Monday May 21st, 2018
Today the focus will be on the US maize market ahead of the weekly crop progress data which is due for release in the evening. In the week of 13 May 2018, about 62 percent of the maize area for this season had already been planted. This, however, is slightly behind last year’s pace of 68 percent in the corresponding period.
Monday May 28th, 2018
The SAFEX wheat prices had a good run on Friday’s trade session and settled in positive territory, with spot price at R3 855 per tonne. The gains were in line with higher Chicago wheat prices, as well as commercial buying interest.
Tuesday May 29th, 2018
The SAFEX wheat prices had a good run on Friday’s trade session and settled in positive territory
Tuesday May 29th, 2018
Possibility of above-normal rainfall in winter crop growing areas between June and September 2018
Wednesday May 30th, 2018
The National Crop Estimates Committee lifted its estimate for South Africa’s 2017/18 commercial