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INDUSTRY SERVICES, GRAIN SA.

Since 9 Decemberthere have been significant increases in the domestic grain market. The main factors behind these movements have been the exchange rate, old season stock levels in the USA, weather conditions in South America as well as the demand from Asia and Africa.

There have been some major concerns about the rejection of US maize by China, due to unapproved GMO variety International Grains Council [IGC], InChina rejected about tons of US maize and maize by-products. In South America, plantings in Argentina made limited progress, with seeding finished on 4,4 million hectares IGC, Earlier rains in Argentina did help on the drought-affected crops; however the return of dry, hot weather has raised some major concerns about the yield prospects.

At the same time, Brazilian soybean production is estimated to increase by 1 million tons to a record of 89 million tons; much of the increase is due to the increased area that was planted.

Brazil starts harvesting in March and Argentina in April and it is expected that price relief will be experienced from the end of February. On the other hand, there has also been consisted export demand in the world market, with a large stake coming from China. China has recently purchased about 00 tons of US soybeans. A large part of production is expected from China and Russia.

In the US, cold weather temperatures have been a major concern for their winter wheat production IGC, In South America, production is expected to decrease with tons in Argentina, due to an expected decrease in the harvested area. Increasing demand is still observed from Egypt, Algeria, Japan and Syria IGC, Macroeconomic factors Exchange rate During the past month, the rand has significantly weakened against most major currencies, reaching the high levels of R10,81 to the US dollar on 14 January There are a number of domestic factors that have contributed to the significant weakening of the rand value, ranging from the widening current account and budget deficit to global economic conditions, but the most recent one was the announcement by the United States Federal Reserve bank US Fed of the start of bond tapering this month Nedbank Group Economic Unit, The US Fed decided to reduce the size of its asset purchasing programme of billion by billion to billion with effect from January Currently, the US economy have been gaining strong momentum; with recent manufacturing data coming out stronger than expected, hence paving up a way for the US Fed to start with the stimulus tapering Nedbank Group Economic Unit, There are still some expectations that the rand will continue to trade at low levels, due to concerns about further labour unrests, stock ruger 10 22 current account and budget deficit as well as the uncertainty of the outcome of the upcoming elections.

On the other hand, the weak rand supports domestic commodity prices yellow gta stock market airlines, white maize, soybean etcthus sparking up gains from the exporting commodities.

Domestic factors Growing conditions in maize producing areas The eastern part of the country Mpumalanga and Eastern Free State where yellow maize is predominantly planted looks good in general, with follow-up rains frequently occurring.

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In small areas of Mpumalanga too much rain occurred, leading to some waterlogging; cbot trading holidays 2014 the extent of the damage to the crops is not so detrimental.

The western parts of the country, more specifically the North Bulls make money bears make money pigs get slaughter Province started off with a very dry season and almost no underground moisture.

Thankfully rain occurred during the beginning of December making it possible for producers to plant, although the subsurface moisture has still not recovered.

Seedlings are currently very small. Some areas in the North West Province are reported to be very dry, where follow-up rain remains very critical. The western parts of the country require and are dependent on follow-up rain.

Wheat Producers in the Western Cape completed their wheat harvest during the end of last year. Producers in the Swartland region achieved good yields although some grading problems were experienced. In Caledon, Krige, Rietpoel and Klipdale the rain during harvest time caused grading problems mainly due to the falling number and sprouting.

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The wheat however did surprisingly well as compared to what was expected. Producers in Bredasdorp and Mossel Bay finished harvesting before any rainfall occurred; good wheat yields and grades were achieved. In the Eastern Free State, rains were good for the summer crops although it had a negative impact on the winter crops which led to producers harvesting low quality wheat.

Parity prices Graph 2 show prices for old season white maize, Safex maize prices showed a huge increase during the December holidays for 1 hour binary option methods 101 old season crop.

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Much of this increase was due to the increasing demand from the African countries, weakening of the exchange rate as well as tight old stocks. South Africa has already exported about tons of white maize to Zimbabwe.

Indicators show that production conditions in Zimbabwe are poor and that more imports are needed. How to get station cash in planetside 2 does not have sufficient maize for exports to Zimbabwe.

Graph 3 and Graph 4 show prices of new season white and yellow maize.

New season prices are supported by prospects of tight stocks as well as uncertain weather conditions in the western producing areas. Producers should take note that the weak rand value supports the domestic price levels of maize. Furthermore, beware that South America starts harvesting soybean in March, which may put international commodity prices under pressure.

The USA HRW prices are currently at normal price levels, which may lead to the triggering of the South African wheat tariff if prices decline further. United States Department of Agriculture, World agricultural supply and demand estimate.

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Facebook icon Twitter icon Instagram icon Our Commodities: Home Publications Article Market overview of the grain markets. INDUSTRY SERVICES, GRAIN SA Since 9 Decemberthere have been significant increases in the domestic grain market. Further reading United States Department of Agriculture, Conservation Equipment Ground Water Weed Control. June May April March February January December November October September August July June May April March February January December November October September August July June May April March February January December November October September August July June May April March February January December November October September August July June May April March February January December November October October September August July June May April March February January December November October September August July June May April March February January December November October September August July June May April March February January December November October September March December January November ARC Cultivar recommendations for sorghum, soybeans and sunflower Annexe Columns E-mails Editorial Features Focus on Graanmark-oorsig Grain SA Grain SA point of view Input Overview Inputs Markets Markoorsig NAMPO NAMPO highlights On farm level Other Articles Relevant SA Graangids Special feedback Vee- en wildfaktor Wenartikels.