Friday, 4 March 2011
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CBOT corn review: Japan, Mexico expected to cut purchases
Japan and Mexico are expected to curb their purchases of U.S. corn after a buying spree in February pushed prices to their highest levels since mid 2008. The countries, which have been the top buyers of corn for the past month, have likely built up their inventories to a comfortable level after increasing purchases because of fears about tight supplies, analysts said. Reduced demand could weigh
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