South African maize lifted on Tuesday‚ buoyed by corn prices on the Chicago Board of Trade.
The near-dated July white maize contract was up R41 at R2‚174 a ton‚ September white maize gained R45 to R2‚220 a ton and December white maize rose R53 to R2‚281 a ton‚ according to preliminary I-Net Bridge data.
The near-dated July yellow maize contract gained R48 to R2‚125 a ton‚ the September yellow maize contract climbed R56 to R2‚167 a ton and the December yellow maize contract added R53 to R2‚216 a ton.
The July wheat contract added R37 to R3‚075 a ton‚ September wheat rose R34 to R3‚129 a ton and the December wheat contract gained R33 to R3‚075 a ton.
US corn futures traded higher on Tuesday‚ boosted by hot‚ dry weather forecasts for the Midwest and a government report showing declining crop conditions‚ Dow Jones Newswires reported.
The gains come after five corn futures contracts - from July delivery to May 2013 delivery - all settled up the exchange-imposed limit of 40 cents on Monday‚ driven by dry weather forecasts. Corn futures were also buoyed after the US Department of Agriculture on Monday said 56% of the country's corn crop was in good-to-excellent condition‚ down seven percentage points from a week earlier. - I-Net Bridge