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South African local grain prices fell week-on-week in early April, with white maize down 3.7% and yellow maize down 2.8%. Wheat fell 1.8%, soybeans 1.7% and sunflower seed 4.1%, while the crush margin after tax dropped 54.6% year-on-year.
Lower local maize and soybean prices improve feedlot margins, and a collapsing crush margin signals weaker demand for soybean meal domestically.
farmingportal.co.zaFarming PortalApr 9, 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.
