South African Agricultural Commodities Weekly Wrap: 12 May 2017.

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South African Agricultural Commodities Weekly Wrap: 12 May 2017.

South African agricultural commodity markets painted a mixed picture this week. The maize and wheat markets were in negative territory with expected large supplies (maize), selling pressure, as well as lower Chicago grain prices being the key drivers of the market.

Meanwhile, oilseeds ended the week in positive territory. Notable gains were on the soybean market, an average of 5% up from the previous week. Higher Chicago soybean prices, as well as a relatively weaker Rand against the US Dollar, were the key drivers of the market.

For fruits and vegetables, this week was quite volatile with light stocks underpinning the market. Lastly, the SAFEX beef prices remained unchanged from the previous week.

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