After experiencing a good run at the beginning of the week, yesterday almost all SAFEX grain and oilseed contract month prices pulled back and settled in negative territory.
Maize: The tight old crop ending stocks for both white and yellow maize supported prices.
South Africa’s 2019/20 fourth summer crop production estimates data released this afternoon by the Crop Estimates Committee (CEC) did not introduce major adjustments from the previous estimates.
The market for vegetable oil has moved sharply higher so far this year, with continued concerns over tight supplies as weather limits the progress of harvesting in South America and developing crops in the Northern Hemisphere.