Over the past week the Rand continued to gain strength against the Dollar. Gains were followed by some sideways trade after which further strength was … Read More
The Rand continues to gain strength against the Dollar adding downward pressure on South African maize prices but it’s been the strength in U.S. Corn prices … Read More
Below is daily candle stick chart portraying the price action for the JUL16WMAZ contract. The contract price slumped sharply lower at the start of yesterday’s session … Read More
The line chart below shows the published volatility, the 20-day underlying volatility based on MTM price, the 20-day underlying volatility based on high and low differences … Read More
The JUL16WMAZ contract retreated and closed R124 higher since its low on the 1st of April 2016. The contract price now faces good resistance at the … Read More
Below is a daily chart portraying the price action for MAY 16corn (ZCK2016 contract) traded in Chicago. The price of corn regained nearly half of the … Read More
South African maize imports for the week ending April 1st came in at 110,762t all yellow maize which brings the cumulative progressive maize imports for the … Read More
The spread between JUL17WMAZ over MAR17WMAZ have closed some more over the past 7 sessions since the last post. The 2017 spread closed R285 over this … Read More
The CEC reported South Africa’s 3rd summer maize production estimate at 7.065mil t or 2.63% (190,475t) lower than the previous estimate of 7.255mil t. The lower … Read More
Tomorrow the CEC will release their 2nd crop estimate, or their ‘3rd production estimate’, for the 2016 South African summer crop. The preliminary crop estimate of … Read More