Maize and grain market insights
Market notes, season reports and thinking on agricultural finance, written by Ryan New, Managing Director, unless stated.
Latest

Corporate social investment and agriculture in South Africa
R13.1 billion of CSI, 13% to food security and agriculture: where it comes from and what funders now expect.

White maize market trends, 2021 to 2025
Weather risk is now market structure: five years of SAFEX prices, harvests and yields across Southern Africa.

Unlocking production through smart input models
Finance the production system, not the farmer in isolation. Ryan New at the Smart Seeds and Fertiliser Innovation Forum.

Strong white maize supply ahead of the 2026/27 season
A second consecutive record crop, no imports, and prices at export parity: what it means for buyers and farmers.

South Africa poised for a record 17 million ton maize harvest
The Crop Estimates Committee points to the largest maize crop on record. Where the tonnes are, and where they will go.
SAFEX reference prices
| R/t | Spot | Day |
|---|---|---|
| White maize | 3,979 | -1.34% |
| Yellow maize | 3,970 | -1.42% |
| Soybeans | 9,300 | -0.04% |
Forward curve, R/t
| Contract | Dec 26 | Mar 27 | May 27 | Jul 27 |
|---|---|---|---|---|
| White maize | 4,070 | 4,153 | 4,253 | 4,250 |
| Yellow maize | 4,070 | 4,144 | 4,170 | 4,182 |
| Soybeans | 9,400 | 9,270 | 8,870 | 8,943 |
Closing trades, Tuesday 6 October 2026 (October contract). Source: Grain SA SAFEX feed. Reference only, not an offer.
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