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

Bloomberg Customers

South Africa Corn Falls Most in More Than Two Weeks on U.S. Drop

Corn futures in South Africa fell the most in more than two weeks following a decline in prices in the U.S.

Yellow corn for delivery in December, the most active contract, dropped 1.6 percent to 2,193 rand ($212) a metric ton by the midday close on the South African Futures Exchange. That’s the biggest one-day slump since Aug. 14. The white variety slipped 1.3 percent to 2,351 rand a ton.

South African prices often follow moves in the U.S., where corn is the biggest crop. Parts of the Midwest will have cooler weather from the weekend and rain may fall in Iowa, the top growing state, National Weather Service data show.

“The U.S. is said to experience cooler temperatures so their prices went down and we usually follow them,” Thys Grobbelaar, an analyst at Klerksdorp, South Africa-based Senwes Ltd., said by phone.

South Africa is the continent’s largest producer of corn. Meal made from white corn is used as one of the nation’s staple foods, while the yellow variety is mainly used as animal feed.

Wheat for December delivery lost 0.5 percent to 3,431 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.