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News and analysis on the global poultry
and animal feed industries.
0908FMwheat
on March 2, 2011

South African wheat, feed corn prices fall slightly in response to drop in US prices

Wheat drops 0.8%, feed corn 1%

South African wheat and feed corn prices have fallen slightly in response to dropped prices in the U.S., according to reports.

Wheat for May delivery dropped Rand 25 (0.8%) to close at Rand 3,165 (US$455) per metric ton in Johannesburg, while it slid $0.0675 (0.8%) to settle at $8.1025 per bushel on the Chicago Board of Trade. Feed corn for July delivery dropped Rand 17 (1%) to Rand 1,636 per metric ton in South Africa. Soybeans actually gained slightly, closing at Rand 3,462 (0.5%) from Rand 3,445, while sorghum remained steady at Rand 1,580.

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