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Zimbabwe's Commercial Farmers' Union expects the 2016/17 maize harvest to be 1.2 to 1.4 million tonnes, well above 2016 levels, despite late rains and fall armyworm. Stocks are estimated at 300,000 to 400,000 tonnes, so imports are expected to be minimal.
Soybean prices are above import parity, and cottonseed and cotton meal are priced locally.
A larger domestic maize crop reduces Zimbabwe's need for imported corn, which weighs on regional corn import demand and local feed prices.
cfuzim.orgPost author Written by ...Mar 10, 2017After 1,102 past bearish report events, Corn moved a median -0.2% over 5 sessions (47% higher; middle half -1.8% to +1.3%), and +0.0% over 20.
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.
