The weather is a key focus in the South African grain and oilseed market as it continues to influence the harvest activity of summer crops and growing conditions of new season winter crops.
The drier weather experienced in the central and northern parts of the country in the past couple of weeks benefited summer crop harvest activity, whereas light showers in parts of the Western Cape improved the new season winter crop conditions.
The forecasts for the next eight days paint a mixed picture. Summer crops might experience drier weather conditions which should improve harvest activity. Most winter crop areas of the Western Cape, which currently need increased moisture, could experience light and scattered showers.
Apart from that, this was a quiet week, with most commodities prices in negative territory with the exception of sunflower seed.
The SAFEX beef carcass market experienced a quiet week with prices unchanged from levels seen last week (ending 1 June 2018). – Wandile Sihlobo, Agbiz
Wandile Sihlobo, head of economic and agribusiness intelligence at Agbiz, shares highlights in his update on agricultural commodity markets. Click here for the full report on agri markets for the major commodities.