Johannesburg - Maize prices ended
firmer on Tuesday‚ rebounding from a two-day losing run‚ which
traders had attributed to some profit taking.
The near-dated August white maize
contract was up R45 to R2‚711 a ton and the September white maize
contract lifted R49 R2‚735 a ton. The December white maize rose by
R43.60 to R2‚796.60 a ton.
The near-dated August yellow maize
contract was up R34 to R2‚712 a ton‚ the September yellow maize
contract climbed R25 to R2‚727 a ton and the December yellow maize
contract was R34 firmer at R2‚761 a ton.
The August wheat contract gained R15 to
R3‚426 a ton‚ with the September wheat contract rising R22 to
R3‚460 a ton and the December wheat contract climbed R28 to R3‚482
a ton.
US corn futures were mixed‚ as
traders waited for key government crop reports on Friday to provide
new estimates on the US crop's size and demand levels‚ Dow Jones
Newswires reported.
The worst US drought in decades has
ravaged the corn crop‚ leading analysts and the US Department of
Agriculture to cut forecasts for what was at one stage expected to be
a record harvest.
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