S. African Corn Gains for a Second Day in JohannesburgTshepiso Mokhema
Yellow and white corn in South Africa rose for a second straight session by the midday close in Johannesburg. Wheat also increased.
Yellow corn for delivery in December rose 1.5 percent to 1,845 rand ($173) a metric ton, the biggest advance for the most-active contract since June 27, on the South African Futures Exchange. The white variety for delivery in the same month gained 1.2 percent to 1,758 rand a ton.
South Africa is the biggest producer of corn on the continent. Meal from white corn is used to make a staple food known as pap. The yellow variety is used for animal feed.
Wheat for delivery in December gained 0.2 percent to 3,539 rand a ton.