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S. African Soybeans Rise for a 2nd Day to a One-Week High

Aug. 21 (Bloomberg) -- Soybeans in South Africa gained for a second session and rose to the highest price in more than a week in Johannesburg trading. Corn and wheat also advanced.

Soybeans for delivery in September increased 0.4 percent to 5,310 rand ($497) a metric ton, the highest level since Aug. 12, by the close on the South African Futures Exchange.

White corn for delivery in December gained 1.1 percent to 1,780.20 rand a ton. The yellow variety for delivery in the same month rose 0.5 percent to 1,839 rand a ton. South Africa is the continent’s largest producer of the grain.

Wheat for delivery in December gained 0.1 percent in Johannesburg to 3,648 rand a ton.

To contact the reporter on this story: Tshepiso Mokhema in Johannesburg at tmokhema1@bloomberg.net

To contact the editors responsible for this story: John Deane at jdeane3@bloomberg.net Sharon Lindores

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