Maize closes down on stronger rand

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MaizeCobField REUTERS

South African maize prices closed the Wednesday session lower due to the stronger rand and slightly softer Chicago Board of Trade (CBoT) prices‚ while wheat was a bit stronger on firmer US prices.

The white maize contract for March 2013 delivery shed R21 to close at R2‚298 per ton and the white maize contract for July 2013 lost R21.20 to R2‚115.80 per ton.

The yellow maize contract for March 2013 delivery shed R20 to close at R2‚371 per ton and yellow maize for July 2013 delivery slipped R30 to close at R2‚150 per ton.

The wheat contract for March 2013 added R12 to close at R3‚598 per ton.

US corn futures fell on Tuesday‚ pressured by the slump in soybeans. March CBOT corn ended down four cents to $7.20 a bushel. Wheat futures were higher‚ with the March CBOT contract gaining 3 1/4 cents to $8.11 1/4 a bushel. - I-Net Bridge

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