Soybean futures gain

File picture: Andres Stapff

File picture: Andres Stapff

Published Oct 3, 2013

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Johannesburg - Soybean futures rose for the fifth session in six on the South African Futures Exchange.

Soybeans for delivery in December, the most active contract, gained 1.8 percent to 5,556 rand ($553) a metric ton, the most since September 27 by the close in Johannesburg.

White corn for December delivery gained 0.9 percent to 2,372 rand a ton, while the yellow variety for delivery in the same month, rose 0.1 percent to 2,158.20 rand a ton.

South Africa is the continent’s largest producer of corn, also called maize.

A meal made from white corn is one of South Africa’s staple foods and the yellow variety is mostly fed to animals. - Bloomberg News

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