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South African market review reports US yellow corn down 2.4% week-on-week and US wheat at contract lows, with soybeans, soyoil and soymeal lower. South Africa's Crop Estimates Committee raised its maize crop forecast by 0.9%.
Lower international corn, wheat and soymeal prices reduce import costs for feed buyers, though a larger domestic maize crop adds further downward pressure on local feed grain prices.
farmingportal.co.zaFarming PortalApr 30, 2019Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
