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

S. Africa Yellow Corn Falls to 14-Month Low on Harvesting

South African yellow corn dropped to the lowest in more than a year as harvesting advanced.

Yellow corn declined 1.2 percent to 2,057 rand ($199.69) a metric ton, the lowest settlement for a most-active contract since Feb. 26, 2013, by the midday close on the South African Futures Exchange. The white variety fell for a second day to 1,915 rand a ton, the lowest since Aug. 2, 2011.

“It is a case of selling pressure made worse by the size of the crop, the biggest in many years,” Brink van Wyk, a trader at Pretoria-based BVG, said in an e-mailed response to questions.

South Africa, the biggest producer of corn on the continent, may have an output of 13.03 million tons this season, the Crop Estimates Committee said on April 24. That would be the biggest since 1981 when the nation produced 14.4 million tons. Meal made from white corn is one of the country’s staple foods and the yellow variety is mainly used as animal feed.

“Big crops always lead to lower prices; expect corn prices to remain under pressure,” Van Wyk said.

Wheat fell 0.2 percent to 3,980 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.