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.