# Local grain prices down across commodities    -South Africa

> 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.

- Date: 2019-04-09 · published 2019-04-09T12:00:00.000Z
- Category: market · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/59713-local-grain-prices-down-across-commodities-south-africa
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Sunflower Meal](https://feedsoft.ai/c/SUNMEAL.md)

## Why it matters

Lower local maize and soybean prices improve feedlot margins, and a collapsing crush margin signals weaker demand for soybean meal domestically.

## Read by commodity

- SOY: bearish ▼
- CORN: bearish ▼
- WHEAT: bearish ▼
- SUNMEAL: bearish ▼

## Sources

- farmingportal.co.za: http://farmingportal.co.za/index.php/agri-index/68-crops/1990-local-grain-prices-down-across-commodities-south-africa

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