In the news
Maize gets boost from favourable weather conditions
South African maize futures closed higher on Wednesday (9 October) buoyed by prospects of favourable weather conditions in the next two weeks.
PSG commodity broker Wouter Bosch said that the market was expecting good rain in the coming weeks which would potentially boost the white maize crop.
"However‚ wheat came under pressure during the session as farmers started pricing their pre-harvest stock‚" Bosch said.
"Most farmers will start harvesting at the end of the month and the bulk of them are getting their market done before then‚" he said.
By the market close‚ the December white maize contract was R6 firmer at R2‚365 a ton‚ the March 2014 white maize contract climbed R9 to R2‚348 a ton and the July 2014 white maize gained R24 to R2‚090 a ton.
In the yellow maize market‚ the December contract added R4 to R2‚167 a ton‚ with the March 2014 contract ending R5.60 firmer at R2‚172.60 a ton and July 2014 yellow maize inching up R1 to R1‚997 a ton.
December wheat lost R4 to R3‚438 per ton with the March wheat contract also losing R11 to R3501.
Source: I-Net Bridge
For more than two decades, I-Net Bridge has been one of South Africa’s preferred electronic providers of innovative solutions, data of the highest calibre, reliable platforms and excellent supporting systems. Our products include workstations, web applications and data feeds packaged with in-depth news and powerful analytical tools empowering clients to make meaningful decisions.
We pride ourselves on our wide variety of in-house skills, encompassing multiple platforms and applications. These skills enable us to not only function as a first class facility, but also design, implement and support all our client needs at a level that confirms I-Net Bridge a leader in its field.
Go to: http://www.inet.co.zaRelated
Goss’s Wilt and Leaf Blight: A new threat to South African maize production 19 Mar 2025 Back to the future: Reviving sorghum in South Africa 4 Dec 2024 Maize crop shrinks to under 13 million tons, lowest in 5 years 27 Sep 2024 Malawi farming experiment shows how simple changes can boost maize yields and improve soil 13 Jun 2024 FAO issues warning on southern Africa maize shortfall 24 Apr 2024
