Daily JSE/SAFEX settlement prices for the five South African grain contracts, in rand per tonne, with the move against the previous session. Updated after each close.
Latest settlement — Tue 25 Aug 2026 · Sep 26 contract. white maize at R 3 825/t (-104); yellow maize at R 3 802/t (-75); wheat at R 6 188/t (-20); sunflower at R 10 345/t (-23); soya at R 8 205/t (-42).
Prices below are exchange settlement levels for the near main contract month in each grain, quoted in South African rand per metric tonne. The series covers Tue 4 Aug 2026 to Tue 25 Aug 2026. A day-on-day move is shown only where both sessions refer to the same contract month, so a roll to a new front month reads as no change rather than as a price move.
SAFEX grain futures settlement prices in rand per tonne, by session, most recent first
Session
White maize
Yellow maize
Wheat
Sunflower
Soya
R 3 825▼ -104
R 3 802▼ -75
R 6 188▼ -20
R 10 345▼ -23
R 8 205▼ -42
R 3 929▲ +148
R 3 877▲ +115
R 6 208▲ +60
R 10 368▼ -42
R 8 247▲ +42
R 3 781▼ -29
R 3 762▼ -38
R 6 148▼ -14
R 10 410▼ -135
R 8 205▼ -53
R 3 810▲ +92
R 3 800▲ +71
R 6 162▲ +50
R 10 545▼ -70
R 8 258▲ +155
R 3 718▲ +39
R 3 729▲ +23
R 6 112▲ +9
R 10 615▲ +85
R 8 103▲ +17
R 3 679▲ +58
R 3 706▲ +54
R 6 103▲ +59
R 10 530▲ +110
R 8 086▲ +155
R 3 621▲ +85
R 3 652▲ +80
R 6 044▲ +79
R 10 420▲ +66
R 7 931▲ +64
R 3 536▲ +20
R 3 572▲ +19
R 5 965▼ -5
R 10 354▼ -46
R 7 867▲ +2
R 3 516▲ +39
R 3 553▲ +36
R 5 970▼ -8
R 10 400▼ -31
R 7 865unch
R 3 477▲ +26
R 3 517▲ +28
R 5 978▼ -7
R 10 431▲ +45
R 7 865▼ -59
R 3 451▲ +12
R 3 489▲ +14
R 5 985▲ +8
R 10 386▲ +131
R 7 924▼ -59
R 3 439▼ -15
R 3 475▼ -18
R 5 977▼ -15
R 10 255▲ +65
R 7 983▲ +3
R 3 454▲ +30
R 3 493▲ +13
R 5 992▲ +14
R 10 190▲ +58
R 7 980▲ +33
R 3 424▼ -98
R 3 480▼ -93
R 5 978▼ -121
R 10 132▼ -19
R 7 947▼ -92
R 3 522–
R 3 573–
R 6 099–
R 10 151–
R 8 039–
How to read these prices
A settlement price is the official end-of-day valuation the exchange determines for each contract month. It is what open positions are marked to market against and what margin is calculated from — it is not necessarily the last price at which the contract traded, and on a quiet day the two can differ.
These are futures prices, not physical prices at your silo. The difference between the two is the basis, and it carries transport, storage, local quality and regional supply and demand. A hedge placed on the exchange fixes the flat price and leaves the basis with the hedger, which is why the same settlement level means different things to a producer in the Free State and a mill in the Western Cape.
Where the local price sits relative to import parity and export parity is usually more informative than the level itself. Those two bounds are where the desk's weekly market notes start.
Live pricing, execution, and hedging across all five grains — plus FX and JSE equity derivatives. Applied Derivatives is an independent JSE member, trading SAFEX since 2002.
Settlement prices are published for general information after the close and are indicative of the exchange's official marks; they are not a live feed, not a quotation, and not a basis on which to transact. Verify all levels against the JSE or with the desk before trading. This page is not financial advice, a research recommendation, or an offer to transact. Markets carry risk; past performance is not indicative of future results.
