Saturday, 26 February 2011
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US Corn Surges On Strong Export Demand
US Corn futures were sharply higher on Friday. March futures were 26 1/4 cents higher at $7.12. The May contract closed 25 1/2 cents higher at $7.22. December was 18 3/4 cents higher at $6.01 3/4. Weekly export sales were stronger than expected at 59.1 million bushels for the current marketing year and 5.9 million for next year. Export commitments for 2010/11 total 1.295 billion bushels, up 5%
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