For South Africa, the current El Niño weather phenomenon presents production risks for summer grains and oilseeds. However, production sentiments remain optimistic. This piece considers the dynamics in grains and oilseeds markets to explore what price trends could look like over the coming months.
MAIZE
Chicago Board of Trade (CBOT) maize prices firmed by 1,9% compared with a month ago as harvesting in the US progressed slower than analyst expectations.