Tuesday, 15 February 2011
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Corn prices on the rise
QUINCY, ILL. -- Corn prices are hovering near the seven dollar mark per bushell. The reason is supply and demand. Ethanol production is at all time highs, using about a third of corn harvested in the U-S. Meanwhile developing countries like India and China are increasing their meat intake...which takes U-S corn to produce. But against the rules of supply and demand, the higher prices aren't
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http://bit.ly/ijPrMZ
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