Agricultural futures

WHITE maize for delivery in March declined 2.9 percent to R3 359 a ton on the SA Futures Exchange yesterday, its lowest since November 8.

The contract dropped for a fifth consecutive day.

“It’s all about stock,” Brink van Wyk, a trader at BVG in Pretoria, said.

“The stock position seems to be getting better given all the imports that have taken place until now.”

Contract for delivery in July, the most active, retreated 2.7 percent to R2 320 a ton.

Meanwhile, South Africa imported white maize from the US (16 363 tons) and Mexico (9 995 tons) in the week to January 13.