Wednesday, 16 March 2011
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Corn futures plunge 30-cent limit on concern over Japan demand
Corn futures in Chicago plunged the daily, 30-cent limit amid a broad commodity market sell-off fueled by concern that Japan's devastating earthquake and tsunami will cut demand from one of the largest buyers of U.S. agricultural products. The disaster sent global stock markets tumbling and triggered heavy speculator selling in grain and livestock futures this week, traders at CME Group in
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