South African maize futures ended mostly higher on Wednesday, drawing support mainly from higher wheat prices due to production uncertainty in Russia.
The March 2012 white maize contract edged up R1 to R2,525 per ton, the May 2012 white maize lifted R40 to R2,363 per ton, and July 2012 white maize added R31.20 to R1,996.20 per ton, according to preliminary I-Net Bridge data.
The March 2012 yellow maize contract was down R5 to R2,540 per ton, May 2012 yellow maize contract shed R4 to R2,280 per ton but the July 2012 yellow maize contract was up R39 to R1,970 per ton.
The March wheat contract shot up R60 to R2,828 per ton, while May wheat rallied R63 to R2,879 per ton, and the July 2012 wheat contract was up R51 to R2,905 per ton.
When the local grains market closed, the rand was at 7.77 to the dollar, unchanged from the previous session.
Dow Jones Newswires reported US grain and soy futures rose on Tuesday, led by a more than 3% spike in Chicago wheat prices amid concerns about the future of Russian exports and worries about freeze damage to European wheat. - I-Net Bridge