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Daily market reports for this week

By Wandile SihloboCommoditiesOct 11, 2017 11:06
za.investing.com/analysis/daily-market-reports-for-this-week-200196159
Daily market reports for this week
By Wandile Sihlobo   |  Oct 11, 2017 11:06
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Key Data Releases in Agricultural Markets:

  • SAGIS producer deliveries data: 11/10/2017
  • USDA weekly export sales data: 12/10/2017
  • USDA crop progress report: 16/10/2017
  • SAGIS weekly grain trade data: 17/10/2017
  • National Crop Estimate Committee’s data: 26/10/2017

Economic Indicators
Economic Indicators

  • This morning the domestic currency gained ground, partly aided by firmer commodity prices. The Rand/US Dollar is currently 0.22% stronger compared to levels seen at midday yesterday, trading around R13.66. From a data front, it is likely to be a quiet day with no major data releases in the domestic market.
  • The Brent crude oil price was up by 0.71% from levels seen at midday yesterday. These gains followed reports that Saudi Arabia intends to reduce its oil exports by 7% in November 2017 in an attempt to lift prices. Moreover, the talks that OPEC could possibly extend its oil production cut strategy beyond March 2018 also provided support to the market. At the time of writing, oil price traded around US$56.81 per barrel.

See full report:

Daily market reports for this week
 

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Daily market reports for this week

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