S.African wheat advances for a third Day

Wheat in South Africa rose for a third day as the rand weakened against the dollar, increasing the cost of imports for local millers. The rand traded at 7.6327 to the dollar at 9:33 a.m. in Johannesburg, compared with 7.5674 at the close of grain trading at noon on July 16.

Wheat for September delivery, the most active contract on the South African Futures Exchange, gained 16 rand, or 0.6 per cent, to 2,500 rand ($327) a metric tonne. The country is the fourth-largest producer of the grain on the continent after Egypt, Morocco and Algeria.