South Africa Corn Commodity Dropped

White and Yellow Corn commodities in South Africa tracking a decline in Chicago prices, a global benchmark. South Africa is the largest producer of the grain. Corn for December delivery eased 0.5 percent to $4.81 a bushel on the Chicago Board of Trade.

White corn for December delivery, the most active contract on the South African Futures Exchange, dropped 11 rand, or 0.8 percent, to close at 1,340 rand ($187) a metric ton. Meal made from the grain is the country?s staple food.

Yellow corn for December delivery fell 9 rand, or 0.6 percent, to 1,419 rand a ton. The grain is used mainly as animal feed in South Africa. The U.S. and Argentina are the world?s biggest exporters of the grain.