South African Corn Advances, Tracking Climb by U.S. Benchmark
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Corn in South Africa, the largest producer of the grain on the continent, climbed as prices advanced in the U.S., which competes for African export markets.
Corn for March delivery rose as much as 1.3 percent to $5.60 a bushel in Chicago on concern that dry weather in Argentina will continue to delay planting and reduce the harvest amid signs of increasing demand from importers.