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SA Grains: Maize prices end session firmer
SA Grains: Maize prices end session firmer

SA Grains: Maize prices end session firmer


Fin24 - Aug 8th 2012, 09:26

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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