Johannesburg - South African wheat futures rose to the highest level in more than eight months by the noon close on the South African Futures Exchange.
Corn also gained.
Wheat for December delivery, the most active contract, climbed 0.5 percent to 3,500 rand ($354) a metric ton in Johannesburg, the highest level for the contract since February 5.
South Africa, a net importer of wheat, is sub-Saharan Africa’s largest producer of the grain after Ethiopia and the region’s biggest buyer after Nigeria and Sudan, according to US Department of Agriculture data.
Yellow corn for delivery in December surged 1.4 percent to 2,286 rand a ton and the white variety for the same delivery month rose 0.3 percent to 2,386 rand a ton.
The nation is the continent’s biggest corn producer.
A meal made from white corn is a staple food in the nation and the yellow variety is mostly fed to animals. - Bloomberg News