commodities – Agri Limpopo

Domestic soybean usage declined.

Arithmus — Thu, 03 Aug 2017 07:41:12 +0000

Highlights in today’s morning note

Soybeans:

The domestic soybean usage declined in June 2017, despite the increase in supplies. SAGIS data shows that in June 2017, South Africa’s soybean consumption (crushed oil and cake) fell by 22% from the previous month and 30% from the same period last year and eased at 72 095 tonnes.

Maize:

The total maize deliveries were reported at 806 246 tonnes in the week ending 28 July 2017, down 17% from the previous week. About 64% of this was white maize with 36% being yellow maize. This brought South Africa’s 2017/18 total maize deliveries for “week 1 to 13” to 12.39 million tonnes. Of this total, 58% is white maize and 42% is yellow maize.

Wheat:

The weather remains a key focus as the crop is still at early growing stages which require moisture. Unfortunately, the next eight days is likely to be no different from the previous few weeks of dryness. The forecasts only present a possibility of light showers in the coastal areas.

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Sunflower seed:

The relatively lower sunflower seed prices have led to an increase in consumption or usage. As shown in SAGIS data for June 2017 that South Africa’s sunflower seed consumption (crushed oil and cake) increased by 48% month-on-month and 14% year-on-year in June 2017 to 68 482 tonnes.

RSA Potatoes:

In yesterday’s trade session the South African potato market pulled back from the previous day’s level and closed in negative territory. These losses followed a slight uptick in daily stocks to 932 055 bags (10kg bags) at the beginning of the session.

RSA fruit:

The fruit market ended the day mixed in yesterday’s trade session. The bananas and oranges prices were up by 7% and 11% from the previous day, closing at R6.19 per kilogramme and R3.33 per kilogramme, respectively. The price of apples lost 4% from the previous day, closing at R6.64 per kilogramme due to large stocks of 256 739 tonnes.

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South African Agricultural Commodities Weekly Wrap

Arithmus — Fri, 11 May 2018 06:48:29 +0000

The weather remains a primary focus in the South African grain and oilseed market as it continues to influence the harvest activity of summer crops and planting progress in winter crop areas.
The drier weather conditions in the past couple of days benefitted summer crop harvest activity, whereas somewhat slowing the planting in the winter areas that needed rainfall.
The forecasts for the next eight days paint a slightly troubling picture for both summer and winter crop areas. Summer crops might receive rainfall which could slow the harvest activity. Meanwhile, winter crop areas of the Western Cape province, which urgently need moisture, could experience continued dryness which might further slow the planting activity.
Aside from that, this was a quiet week, with most commodities prices in positive territory with the exception of soybeans which lost ground, in line with the Chicago market.
The SAFEX beef carcass market experienced a quiet week with prices unchanged from levels seen last week.

Read the full report by Wandile Sihlobo in the attachment below:

South African Agricultural Commodities Weekly Wrap 11 May 2018

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South African Agricultural Commodities Weekly Wrap

Arithmus — Fri, 18 May 2018 09:56:51 +0000

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.
The IRI’s estimate was partly in line with the sentiments expressed in South African Weather Service’s Seasonal Climate Watch released in March 2018. The forecast rainfall could improve soil moisture in the province and subsequently benefit the new season winter crops.
Aside from the weather dynamics, the grain and oilseed market ended the week in negative territory owing to a combination of factors which included the harvest pressure, expectations of large harvest and lower Chicago grain prices, amongst others.
The SAFEX beef carcass market experienced a quiet week with prices unchanged from levels seen last week.

Read the full report by Wandile Sihlobo below:

South African Agricultural Commodities Weekly Wrap 18 May 2018

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South African Agricultural Market Viewpoint 1 April 2019

Deidre Carter — Mon, 01 Apr 2019 07:15:43 +0000

While it remains a challenge to get a clear picture of the scale of damage in maize fields in Mozambique and Zimbabwe after Cyclone Idai, we suspect that these countries will collectively have to import over a million tonnes of maize in the 2019/20 marketing year in order to fulfil the domestic needs.
Given that the key maize-producing countries in Southern Africa – Zambia and South Africa – are expecting a poor harvest in 2018/19 production season, maize supplies will be tight in the region the 2019/20 marketing year, and this could present upward pressures on prices.
But there will not be a disaster. There are large maize supplies in the global market which the region can draw from, although it is largely yellow maize. The price will, however, be an issue partly due to strong global demand.
Aside from summer grains, a few weeks back we signalled a possibility of favourable weather conditions over the south-western parts of South Africa, which would ultimately benefit winter crops. On 28 March 2019, the local weather bureau reaffirmed its view that between April and July 2019, the south-western parts of South Africa could receive above-normal rainfall.

Click here to download the full report.

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