South Africa corn-crop estimate may drop

Survey gives range of 10.7 million metric tons to 11 million metric tons

South Africa may cut its corn-crop estimate by 1.4%, to 10.85 million metric tons, from the 11 million metric tons estimated in June.

A recent survey of 12 traders showed estimates ranging from 10.7 million metric tons to 11 million metric tons. An official updated estimate will be released by the South African Crop Estimates Committee on July 26.