# International markets under pressure- Agri Trends - South Africa

> 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%.

- Date: 2019-04-30 · published 2019-04-30T12:00:00.000Z
- Category: market · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/10957-international-markets-under-pressure-agri-trends-south-africa
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

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.

## Read by commodity

- SBM: bearish ▼
- SOY: bearish ▼
- CORN: bearish ▼
- WHEAT: bearish ▼

## Sources

- farmingportal.co.za: https://www.farmingportal.co.za/index.php/agri-index/68-crops/2164-international-markets-under-pressure-agri-trends-south-africa

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.