Johannesburg - Corn futures traded in South Africa fell after three sessions of advances and wheat prices retreated for the first time in a week.
White corn for delivery in December slid 1.4 percent to 2,430 rand ($235) a metric ton by the close on the South African Futures Exchange in Johannesburg.
Yellow corn for delivery in the same month dropped 0.3 percent to 2,380 rand a ton.
South Africa is the continent’s biggest corn producer.
A meal made from white corn is a staple food in the nation and the yellow variety of the grain is mostly fed to animals
Wheat for delivery in December lost 0.6 percent to 3,570 rand a ton, the first decline since November 6.
Prices reached the highest level since June for a most-active contract on November 11, according to data compiled by Bloomberg. - Bloomberg News