# ABSA- AGRITRENDS- South Africa- November 2019- Crops

> South African domestic wheat prices fell during the week, and oilseed crushing margins stayed negative. The CEC's final summer crop estimate put the commercial maize crop at 11.26 million tonnes, 10% below 2018, while US corn prices remained under pressure from slow exports and uncertainty over US-China trade talks.

- Date: 2019-11-28 · published 2019-11-28T12:00:00.000Z
- Category: weather · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/56197-absa-agritrends-south-africa-november-2019-crops
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

A 10% smaller South African maize crop tightens local feed grain supply, while weak US export demand and Brazilian and Argentine weather keep global corn prices under pressure.

## Read by commodity

- SOY: bearish ▼
- CORN: bullish ▲
- WHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2019-10-30 | [Agri Trends South Africa- Grain- Oilseeds report October 2019](https://feedsoft.ai/events/56677-agri-trends-south-africa-grain-oilseeds-report-october-2019.md) | +2.1% | +0.3% |
| CORN | 2023-01-26 | [Agricultural Business Chamber of South Africa](https://feedsoft.ai/events/37705-agricultural-business-chamber-of-south-africa.md) | +0.1% | +0.0% |
| CORN | 2019-06-10 | [Agritrends- Increased feed prices a concern for livestock farmers- South Africa](https://feedsoft.ai/events/58724-agritrends-increased-feed-prices-a-concern-for-livestock-farmers-south-africa.md) | +5.9% | +4.8% |
| CORN | 2020-11-17 | [#Agbiz: East African, South American crops at risk with La Niña \| OFM](https://feedsoft.ai/events/50068-agbiz-east-african-south-american-crops-at-risk-with-la-nina-ofm.md) | +1.1% | +0.3% |
| CORN | 2025-10-23 | [Precipitation FlipImminent? Outlook for South America's Crop Belt in November](https://feedsoft.ai/events/13467-precipitation-flipimminent-outlook-for-south-america-s-crop-belt-in-november.md) | +1.8% | +3.4% |
| WHEAT | 2021-06-17 | [GRAINS-Corn drops over 2% on U.S. weather outlook; soy, wheat also down \| CNBC Africa](https://feedsoft.ai/events/7308-grains-corn-drops-over-2-on-u-s-weather-outlook-soy-wheat-also-down-cnbc-africa.md) | -7.8% | -12.3% |
| WHEAT | 2021-01-22 | [Agricultural ETFs Slump Amid Weather Changes \| ETF Trends](https://feedsoft.ai/events/8236-agricultural-etfs-slump-amid-weather-changes-etf-trends.md) | +3.9% | +3.1% |
| WHEAT | 2018-07-15 | [New contract lows for crops - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/5849-new-contract-lows-for-crops-agweek-1-source-for-agriculture-news-farming-markets.md) | +4.1% | +8.5% |

## Sources

- farmingportal.co.za: http://farmingportal.co.za/index.php/agri-index/68-crops/3485-absa-agritrends-south-africa-november-2019

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