UPDATE: SA Grain and Oilseed Price Forecast
In the immediate to short term, South African agricultural commodity markets will generally assume a bearish trend, which is likely to persist at least until July 2017. The expected good harvests and increased supplies will be the fundamental drivers of this downward trend.
Medium term projections suggest a slightly bullish trend in the latter part of the year, with an expected El Niño weather phenomenon, as well as the influence of domestic stock levels seen as key drivers of the forecast.
Overall, this forecast is going to be largely dependent on the development of the El Niño weather conditions, and the complex interplay of domestic stocks, the movement of the Rand to US Dollar exchange rate, as well as global soft commodity market conditions.
Click here to read the full forecast: Agbiz