South African Corn, Wheat Little Changed in Johannesburg Trading

Corn and wheat prices were little changed in early trading in South Africa, the continent’s biggest producer of corn.

White corn for March delivery, the most actively traded contract, declined 2 rand, or 0.1 percent, to 1,357 rand ($199) a metric ton on the South African Futures Exchange at 9:39 a.m. in Johannesburg. Meal made from the grain is the country’s staple food.

Yellow corn for July delivery fell 1 rand, or 0.1 percent, to 1,485 rand a ton. The grain is used mainly as animal feed in South Africa. Wheat for March delivery lost 1 rand at 2,922 rand a ton.

The gains or losses for the most active contracts of the following crops today were as follows. All prices are in rand and the crops are sold in tons:

            Today’s price   Previous Close   % Change
Sunflowers      4,290         4,270             0.5
Soybeans        3,414         3,368             1.4
Sorghum         1,500         1,500             0.0

(Source: http://www.bloomberg.com/news/2011-01-14/south-african-corn-wheat-little-changed-in-johannesburg-trading.html)