Johannesburg - South African white corn futures rose to the highest level in more than seven months on the South African Futures Exchange. The yellow variety fell.
White corn for delivery in December, the most active contract, gained 0.4 percent to 2,469.40 rand ($242) a metric ton by the noon close in Johannesburg, the highest closing price for the contract since March 26.
The yellow variety for delivery the same month slipped 0.1 percent to 2,353 rand a ton.
South Africa is the continent’s biggest corn producer.
A meal made from white corn is a staple food in the nation and the yellow variety is mostly fed to animals.
Wheat for delivery in December snapped a four-day streak of gains, retreating 0.2 percent to 3,567 rand a ton. - Bloomberg News