WEEKLY. 20 March 2019 FOOD-FOR-THOUGHT

Transcription

1 WEEKLY 20 March 2019 FOOD-FOR-THOUGHT

2 Weather South Africa, South America and North America 10 day forecast Parities Import and Export parities of yellow maize Weekly SAFEX price movements SAFEX closing prices from 13 March 20 March Content Imports and Exports Imports and exports of South African maize

3 National WEATHER 10 Day forecast: For the next 10 days wet conditions is forecated for the eatern and south eastern parts of the summercrop production areas. In the west, small amount of rainfall can be expected.

4 10 Day forecast: North America can expect warm weather associated with little to none rainfall. Die red marked area represents the regions that experienced heavy flooding over the past week INTERNASIONALE WEER 10 Day forecast: Good rainfall predicted over most parts of Brazil except for the south. Argentina can expect dry weather over the next 10 day period. =

5 Import and Export PARITIES Import Parity Apr-19 Jul-19 Sep-19 Dec-19 R2 758 R2 666 R2 739 R2 857 SAFEX R2 738 R2 750 R2 746 R2 857 Export Parity R2 185 R2 133 R2 251 R2 336

6 Local Agriculture Weekly Price movements( 13 Maart 20 Maart ) R Jul-19 WM R Jul 19 YM R R R R R R R R Mar 14-Mar 15-Mar 18-Mar 19-Mar 20-Mar Jul-19 WM R R R R R R Jul-19 WM R Jan 02-Jan 03-Jan 04-Jan 05-Jan 06-Jan Jul-19 YM R R R R R R Jul-19 YM

7 PLAASLIKE LANDBOU Weeklikse Prysbeweging ( 13 Maart 20 Maart ) R May-19 SOYA R May-19 SUNS R R R R R R R R R R R R R Mar 14-Mar 15-Mar 18-Mar 19-Mar 20-Mar May-19 SOYA R R R R R R May-19 SOYA R Jan 02-Jan 03-Jan 04-Jan 05-Jan 06-Jan May-19 SUNS R R R R R R May-19 SUNS

8 Maize IMPORTS & EXPORTS SWAZILAND SPAIN NAMIBIA MOZAMBIQUE LESOTHO ITALY Totaal = t ETHIOPIA BOTSWANA WM uitvoere Totaal = t VIETNAM TAIWAN, PROV OF CHINA SWAZILAND NAMIBIA MOZAMBIQUE LESOTHO KOREA, REP OF KOREA, DEM PEOPLES REP JAPAN ITALY GHANA BOTSWANA YM uitvoere Totaal = t

9 Maize IMPORTS & EXPORTS YM Imports = t YM Intentions = t

10 National and International NEWS SA Rand on backfoot Eskom gets help US China trade war The Rand took a huge blow due to power cuts and weak demand for the local currency. The ZAR couldn t keep up with the emerging markets gains after experts expected that the US will keep their interest rates the same. At time of writing the ZAR traded at R14.45 against the US$ More can be read at: nd-stutters-as-electricity-crisisweighs?utm_source=dlvr.it&utm_ medium=twitter The New Development Bank plans to help Eskom by lending R11.2 billion to the electricity supplier. The money is to be used to improve and repair the infrastructure. More can be read at: /south-africa/brics-bank-to-lend-upto-r11-2bn-to-eskom/ China plans to buy 3 times more agricultural products from the US if the two countries can bargain a deal in the trade war according to the US Agricultural secretary, Sonny Perdue. China s annual purchases of US agricultural products amounts to $20 billion in the past few years. More can be read at: ws/articles/ /chinacould-triple-buying-of-u-s-farmproducts-perdue-says

11 Summary Eastern parts in the summer crop region of South Africa can expect et conditions for the following 10 days. The western parts could be dry. Wet conditions over the whole of Brazil, except for the southern parts. Dry in Argentina and minimum rainfall forecasted for the cornbelt region in the US. Yellow maize SAFEX prices are traading at import parity, this is the reason why South Africa are importing Yellow maize into the Cape. Maize prices traded lower over the past week, but yellow maize closed today on a weekly high. Oilseeds traded in a upward trend over the past week.

12 We have not inherited the earth from our fathers, we are borrowing it from our children - Lester Brown Tel: +27 (0) E-pos: info@randagri.co.za Web: Adres: 24 Samora Machel Street, Middelburg, Mpumalanga

13 CONTACT INFORMATION Tel: Web: CONTACT US We have not inherited the earth from our fathers, we are borrowing it from our children - Lester Brown