The weather remains a primary focus in the South African agricultural markets as planting progresses in the summer rainfall areas. Alongside weather developments are talks of a possible slight shift in hectares, from white maize to oilseeds for profitability reasons.
Next week, the National Crop Estimate Committee will present a clear indication in its intentions-to-plant data.
This was again a quiet week (Ending 20 October 2017) in the domestic agricultural commodities markets with no major data releases. The commercial buying interest, coupled with higher Chicago grain and oilseed prices were the key drivers of the market, thus giving support to many commodity prices.
This was with the exception of the sunflower seed market which declined by 3% compared to the previous week (ending 13 October 2017).
Fruit and vegetable prices were volatile during the week with daily stock levels underpinning the market. The SAFEX beef carcass market remained flat throughout the week. –Wandile Sihlobo, Agbiz