Wheat prices grew high in international market
The prices of wheat in South Africa grew as the prices climbed high in the U.S.
Wheat for March delivery, the most active contract on the South African Futures Exchange, added 23 rand, or 0.8 percent, to end trade at 2,840 rand ($410) a metric ton in Johannesburg. Wheat futures for March rose 3 cents, or 0.5 percent, to 7.8734 a bushel on the Chicago Board of Trade.
White corn for March delivery was unchanged at 1,375 rand a ton. Meal made from the grain is the country’s staple food.
Yellow corn for March delivery fell 2 rand, or 0.1 percent, to 1,436 rand a ton. The grain is used mainly as animal feed in South Africa.