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.
Major organised agricultural bodies in South Africa have welcomed recent news that the window period for written submissions on the National Assembly’s proposal to amend Section 25 of the Constitution to allow for land expropriation without compensation has been extended.
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.