Wheat (Safex) Prices

30-01-2026 - Over the past month, the price of wheat on the Safex market has decreased from 5,853.0 ZAR per ton to 5,574.0 ZAR per ton, indicating a downward trend in the raw material market. This decline may be attributed to shifts in supply, demand, or other economic factors impacting wheat prices. The forecast for Safex wheat is 5,573.4 ZAR per ton, a slight decrease of 0.6 ZAR per ton or -0.0% from the current price of 5,574.0 ZAR per ton. This suggests a generally flat price trend, indicating minimal risk of significant fluctuations in raw material prices.

The current forecast presents mixed signals. Data on 'Flows' and 'Supply' suggest upward pressure on raw material prices, with a combined impact of 32 ZAR per ton. Conversely, 'Demand' and 'Technical' data indicate downward pressure, creating uncertainty in the overall price direction. The forecast anticipates a decline in Safex wheat prices to 5,573.4 ZAR per ton over the next month. This projection aligns with LiteFinance's analysis, which predicts a gradual decrease in wheat prices through 2026, with January prices expected to range between $510 and $520 per unit. Technical indicators, such as the MACD remaining in a negative zone and the RSI showing no signs of overbought conditions, suggest a stable trend with a gradual decline and limited price fluctuations.