Johannesburg - South African yellow corn futures fell, snapping an 11-day streak of advances, by the midday close in Johannesburg. White corn dropped.
Yellow corn for delivery in December, the most active contract, declined 1 percent to 2,253 rand ($228) a metric ton, the first drop since October 11 on the South African Futures Exchange.
The white variety for delivery in the same month retreated 1 percent to 2,375 rand a ton.
The nation is Africa’s biggest producer of the grain.
Yellow corn is mainly used as animal feed, while the white variety is a staple food in the country.
Wheat for delivery in December fell 0.1 percent to 3,485 rand a ton. - Bloomberg News