South African Corn Rises Most in 2 Weeks as Wheat ClimbsTshepiso Mokhema
Corn in South Africa, the continent’s largest producer of the grain, increased the most in two weeks in Johannesburg trading. Wheat gained.
White corn for delivery in December rose 2.4 percent, the biggest gain for a most-active contract since Oct. 14, to 1,924 rand ($176) a metric ton by the midday close on the South African Futures Exchange. The yellow variety added 1.8 percent to 1,968.20 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.
Wheat increased 0.3 percent to 3,626 rand a ton.