Corn Drops as Fuel-Cost Surge May Damp Use; Soybeans Rise

Corn fell on speculation that rising energy costs will hinder the global economy, reducing demand for food and livestock feed. Soybeans rose on bets that South American shipments may drop. Crude oil rose to a 29-month high on concern that unrest in Libya will spread to other north African and Middle East petroleum exporters. U.S. equities dropped as data signaled that growth in wages may fail to

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