Maize futures edge lower on firm rand
IOL Business - Apr 26th 2012, 09:42
South African maize futures ended marginally lower on Wednesday, weighed down mainly by the firm rand to the US dollar, and lower international corn spot prices.
The local currency firmed to 7.74 to the greenback intraday, from 7.83 previously.
The May 2012 white maize contract was down R3 to R2,172 per ton, July 2012 white maize slipped R6 to R2,113 per ton, and September 2012 white maize lost R41 to R2,120 per ton, according to preliminary I-Net Bridge data.
The May 2012 yellow maize contract was off R11 to R2,055 per ton, while the July 2012 yellow maize contract shed R19 to R2,052 per ton and the September 2012 yellow maize contract dipped R13 to R2,085 per ton.
The May wheat contract was down R19 to R2,678 per ton, July wheat lost R19 to R2,742 per ton, while the September 2012 wheat contract was down R12 to R2,782 per ton.
Meanwhile, corn was pushed down further on Tuesday by chatter before a US Department of Agriculture announcement (USDA) that it found mad-cow disease in a California dairy cow. Corn and wheat can both be used in animal feed.
CBOT May corn fell 4 1/4 cents to US$6.18 1/4 a bushel.
Wheat futures rose early in the session on concerns that cold temperatures could damage US yields in coming days, but fell later on rumours before the USDA mad-cow announcement.
CBOT May wheat fell 1/2 cent to $6.24 1/2 a bushel. - I-Net Bridge
Digital footprint helps farmers step into future
22/09/2019 - 09:59
The potential to increase Africa’s agricultural yields through the strategic use of data could place the continents’ farmers at the heart of tomorrow’s global economy.
4 reasons to be hopeful about South Africa’s economy
12/09/2019 - 14:40
Markets responded positively to South Africa’s economic growth rebounding in the second quarter, up 3.1%, and 0.9% for the year to June 2019.
Lego's sales bounce back with the help of Marvel superheroes
04/09/2019 - 09:11
Models of superheroes and villains from Marvel’s Avengers movies helped lift first-half sales at Lego, as the Danish toymaker continued its turnaround drive with investments in China, India, the internet and new stores.
Swine fever epidemic may slash China's pig herd by half
30/07/2019 - 10:52
China’s pig herd could halve by the end of 2019 from a year earlier as an epidemic of African swine fever sweeps through the world’s top pork producer, analysts at Dutch bank Rabobank forecast.
Predatory imports are killing small chicken firms
29/07/2019 - 11:01
Local chicken producers and importers are arguing over the potential impact that import tariffs could have on South African consumers, jobs and rural development.