Sunday, 6 March 2011
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Corn Premiums Drop on Increased Farmer Sales; Soybeans Gain
Cash premiums for corn shipped this month to terminals near New Orleans narrowed relative to Chicago futures on rising deliveries to elevators for shipment down the Mississippi River. Soybean premiums rose. The spot-basis bid, or premium, for corn delivered in March at Gulf of Mexico ports fell to 48 cents to 52 cents a bushel above May futures from 51 cents to 52 cents yesterday, U.S.
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