South African Corn Rises After Government's 2011 Crop Forecast

Corn advanced in South Africa, the continent's largest producer of the grain, after the government forecast the smallest harvest in four years. The crop may fall 14 percent to 11.04 million metric tons from 12.82 million tons last season, Marda Scheepers, a spokeswoman for the committee, said yesterday. The estimate lags behind the 11.5 million-ton median forecast of 14 traders surveyed by

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