Soybean futures fall most in a week

Comment on this story
Soybean REUTERS Soy beans are rebirthed in India as a drought ends.

Johannesburg - South African soybean futures fell the most in more than a week on the South African Futures Exchange in Johannesburg.

Corn gained, while wheat slipped.

Soybeans for delivery in May declined 1.7 percent, the most since March 26, or 100 rand, to 5,860 rand a metric ton.

South Africa raised its estimate for the crop by 4 percent to 867,700 tons on March 27.

Wheat for delivery the same month fell 0.1 percent to 3,995 rand a ton.

Yellow corn gained 0.4 percent to 2,231 rand a ton, while the white variety rose 0.1 percent to 2,142 rand a ton.

Meal made from yellow corn is fed to animals while the white type is used to make a staple food, known locally as pap.

South Africa is the continent’s largest producer of corn. - Bloomberg News

sign up

Comment Guidelines

  1. Please read our comment guidelines.
  2. Login and register, if you haven’ t already.
  3. Write your comment in the block below and click (Post As)
  4. Has a comment offended you? Hover your mouse over the comment and wait until a small triangle appears on the right-hand side. Click triangle () and select "Flag as inappropriate". Our moderators will take action if need be.

  5. Verified email addresses: All users on Independent Media news sites are now required to have a verified email address before being allowed to comment on articles. You are only required to verify your email address once to have full access to commenting on articles. For more information please read our comment guidelines