Tuesday, 22 February 2011
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Corn, Wheat Fall as Highest Prices Since 2008 May Curb Demand
Corn and wheat fell in Chicago, erasing gains, on speculation that the highest prices in more than two years will discourage demand. Corn reached the highest level since July 2008, sparking concern that buyers may slow purchases of the grain. Soybeans rose to a 31-month high on Feb. 9, and wheat touched the highest price since August 2008 five days later. Rainfall in China and Argentina and
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