Tuesday, 15 February 2011
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Corn hits two-year high on supply worries
Corn prices closed at their highest levels since the global food crisis of 2008, reflecting tighter supplies that have markets jittery about shortages in the face of growing demand. Corn started rising earlier this week after the U.S. Department of Agriculture forecast showed reserves of corn at their lowest levels in 15 years. U.S. farmers will have only 675 million bushels of corn on hand by
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