South African Agricultural Commodities Weekly Wrap.

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South African Agricultural Commodities Weekly Wrap.

The maize market saw substantial losses on the back of expected large supplies, as well as a relatively stronger Rand against the US Dollar. Oilseeds (soybeans and sunflower seed) market also closed in negative territory as the bearish sentiment prevailed, on the back of expected large supplies.

Meanwhile, wheat gained ground on the back of higher Chicago wheat prices, as well as fears that dry weather conditions could delay the new season plantings.

For fruits and vegetables, the week has again been fairly volatile with daily stock levels underpinning the market. The SAFEX beef prices remained unchanged from the previous one.

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