South African Corn to Soybeans Decline in JohannesburgTshepiso Mokhema
South African corn, soybeans and wheat fell in Johannesburg.
Yellow corn for delivery in December dropped 2.3 percent to 1,865 rand ($166) a metric ton by the midday close on the South African Futures Exchange, the biggest decline for a most-active contract since July 21. White corn for delivery in the same month fell 2.3 percent to 1,851.20 rand a ton. South Africa uses white corn to make a staple food known locally as pap, while the yellow type is mainly fed to animals.
Soybeans retreated 0.3 percent to 5,185 rand, while wheat slid 0.4 percent to 3,674 rand a ton.