South African Corn Declines as Rand Strengthens, Wheat Falls

Corn fell in South Africa, the largest producer of the grain on the continent, as a strengthening rand curbed the cost of imports for local millers. The rand traded at 7.2123 to the dollar at 9:28 a.m. in Johannesburg, compared with 7.2963 at the close of grain trading at noon yesterday. White corn for July delivery, the most active contract on the South African Futures Exchange, dropped 10

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