Johannesburg - South African white-corn futures declined to a one-month low.
White corn for delivery in July dropped 3.2 percent to 2,171 rand ($219) a metric ton, the lowest since May 22 by the midday close in Johannesburg.
It was the seventh drop in a row, the longest streak since February 11.
The yellow variety for delivery in the same month declined 3.5 percent to 2,142 rand a ton, the lowest since May 21.
US farmers seeded 97.4 million acres (39.4 million hectares) of corn, the most since 1936, the US Department of Agriculture reported June 28.
Analysts in a Bloomberg survey had expected 95.431 million.
South Africa is the continent’s largest producer of corn.
Meal from the white variety is a staple food while the yellow kind is mainly used as animal feed. - Bloomberg News