South African Corn Declines for a Second Day as Wheat AdvancesTshepiso Mokhema
Corn in South Africa, the continent’s biggest producer of the grain, dropped for a second day in Johannesburg while wheat gained.
White corn for delivery in December fell 0.4 percent to 1,763.80 rand ($165) a metric ton, the lowest for a most-active contract since July 24, by the midday close on the South African Futures Exchange. The yellow variety for delivery in the same month declined 0.4 percent to 1,830 rand a ton. Wheat for delivery in December gained 0.4 percent in Johannesburg to 3,645 rand a ton.
South Africans use white corn to make a staple food known as pap, while the yellow variety is mainly fed to animals.