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