South African Corn Advances, Tracking Gains by U.S. Benchmark
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Corn advanced in South Africa, the continent’s largest producer of the grain, after prices rose in the U.S., which competes for African export markets.
White corn for July delivery added 16.80 rand, or 1 percent, to 1,641.80 rand ($235) a metric ton on the South African Futures Exchange in Johannesburg. Meal made from the grain is the country’s staple food.