South Africa has raised its corn crop forecast by 2.7 percent to 11.5 million metric tons for the current crop year, according to the Crop Estimates Committee, up from the August 28 prediction of 11.2 million metric tons. The country produced 10.4 million metric tons of corn in the 2011 year.
“The increase is because physical deliveries to silos in the season were better than anticipated,” said a spokeswoman for the committee. “We had a mid-season drought, but deliveries were higher in the end.” The forecast includes 6.51 million metric tons of white corn and 4.99 million metric tons of yellow corn. White corn for December delivery fell 3.3 percent to 2,237 rand (US$272) per ton on September 26 in Johannesburg. Yellow corn for delivery in the same month dropped 2.6 percent to 2,247 rand.