South African ag commodities weekly wrap

agricultural commodity markets

This was a data-packed week (ending 1 September 2017) for grain and oilseed markets with releases that include production estimates updates, producer deliveries and weekly trade figures data.

The most anticipated of the lot was the Crop Estimates Committee’s seventh production estimate which showed a 3% month-on-month upward revision in estimated maize production to an all-time high of 16.41 million tonnes.

Overall, the market ended the week on a mixed footing, with wheat showing a notable loss of 9% from last week (ending 25 September 2017). The calendar for the week ahead is fairly light with only weekly grain trade and deliveries data due for release.

Fruit and vegetable prices were volatile during the week with daily stock levels underpinning the market. The SAFEX beef market remained flat throughout the week.

Find full report here.