Friday, 18 February 2011
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CBOT corn review: Down slightly on China, but exports underpin
U.S. corn futures dipped slightly Friday after China's central bank said it will increase bank reserve requirements, stoking concern about commodity demand and sending soybeans sharply lower. Corn for March delivery at the Chicago Board of Trade corn closed down 3 cents to $7.09 3/4 per bushel. The market gained 3 1/4 cents on the week. Losses were limited despite a 40-cent drop in soybeans, as
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