• As set out in our previous note, the Crop Estimate Committee left its final forecast for South Africa’s 2017/18 soybean production unchanged from last month at 1.55 million tonnes. This is 18 percent higher than the previous season due to an expansion in area planted, as well as fairly higher yields.

  • A recent report from the European Commission shows that the United States has become Europe’s main supplier of soybeans, reaching a 52% share compared with 25% in the same period last year.

  • he U.S. trade deficit widened in August to the biggest in six months as soybean exports plunged and a measure of the gap with China hit a record, showing how the Trump administration’s trade war is dragging on economic growth.

  • Following good gains at the end of last week, the SAFEX soybean market pulled back in yesterday’s trade session and settled at R4 602 per tonne (spot price). This was underpinned by a combination of factors, which include the spillover from lower Chicago soybean prices and a relatively stronger rand against the US dollar, amongst others.

  • Maize: Local maize prices moved slightly this week with white maize prices increasing by 0.4% and yellow maize prices decreasing by 0.2%.

  • Convening for its annual meeting this week in London, members of the International Grains Council (IGC) released their grains, rice and oilseed production outlook for 2019-20.

  • Argentina is one of the world’s largest exporters of grains and oilseeds but those industries have been buffeted by factors outside agriculture, notably changing government policy, currency devaluation, and the U.S.-China trade dispute that is shifting the direction of its exports.

  • The revenue of the soybean oilcake market in the European Union amounted to $10.4B in 2018, going up by 1.8% against the previous year.




Farming Diary

No events found

Travel Brand Africa

Don't cancel your African Safari! Postpone & Travel later.