date:Jul 15, 2014
South Africas white corn dropped to the lowest level in three years in Johannesburg.
White corn for December delivery fell 2.9 percent to 1,695 rand ($158) a metric ton on the South African Futures Exchange by the midday close. That was the lowest settlement for a most- active contract since July 1, 2011. Yellow corn for delivery in September dropped 3 percent to 1,741 rand a ton.
South Africas farmers will produce 13.9 million tons of corn in the 2014-15 season, according to the countrys Crop