Monday, 11 April 2011
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Corn May Rally on Demand for Feed, Ethanol; Soybeans May Advance
Corn may rise this week on speculation that a doubling in prices the past year has not slowed demand for grain used in feed, fuel and food. Soybeans may rise as the U.S. plants the fewest acres in three years. Twenty-two of 29 traders and analysts surveyed from Tokyo to Chicago on April 8 said corn will advance this week, and 20 of 30 respondents forecast a gain for soybeans. Last week on the
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