South African maize futures ended in positive territory on Wednesday, drawing support from dry weather conditions.
The March 2012 white maize contract gained R30 to R2,460 per ton, the May 2012 white maize lifted R15 to R2,255 per ton, and July 2012 white maize was up R37 to R2,153 per ton, according to preliminary I-Net Bridge data.
The March 2012 yellow maize contract was up R25 to R2,465 per ton, the May 2012 yellow maize contract edged up R13 to R2,190 per ton and the July 2012 yellow maize contract added R27.60 to R2,119.60 per ton.
A local maize trader said dry weather conditions could lead to the crop estimates committee revising downwards crop production estimates this month.
The March wheat contract lost R5 to R2,770 per ton, while May wheat was down R2 to R2,831 per ton, while the July 2012 wheat contract shed R2 to R2,871 per ton.
Meanwhile, Dow Jones Newswires reported that US soybean futures bucked a broad selloff in commodities to end higher on Tuesday, settling at a six-month high. - I-Net Bridge