South African Corn Increases on Insufficient Rain Concern

South African corn futures gained for a second day on concern that there won’t be enough rain in the coming days in one of the country’s main growing regions.

Yellow corn for delivery in July, the most active contract, rose 0.3 percent to 2,098 rand ($232) a metric ton by the close on the South African Futures Exchange in Johannesburg. The white variety increased 0.1 percent to 2,188 rand a ton.