Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

South African Corn Gains Most In More Than 3 Months

South African corn futures rose the most in more than three months tracking prices in the U.S., which increased after the Department of Agriculture’s estimates showed shrinking stockpiles. The U.S. is the world’s largest producer of the grain.

White corn for March delivery, the most active contract, surged 3.3 percent to 2,190 rand ($252) a metric ton, the most since Oct. 2, by the midday close in Johannesburg. The yellow variety for July delivery, climbed 3.4 percent to 2,104.20 rand a ton.

Corn increased 2 percent to $7.23 a bushel on the Chicago Board of Trade at 12:35 p.m. in London. Inventories of corn on Dec. 1 were 8.03 billion bushels, 17 percent less than the 9.647 billion held a year earlier, the U.S. Department of Agriculture said in a report on Jan. 11.

“U.S. prices increased a lot today after the release of the USDA report last Friday,” Brink van Wyk, a trader at BVG (Pty) Ltd., said by phone from Pretoria.

South Africa is the continent’s biggest corn producer, also known as maize. White corn is a staple food, while yellow corn is used as animal feed.

Wheat for delivery in March, rose 2 percent to 3,545 rand a ton.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.