Monday, 18 April 2011
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Corn Premiums Decline as Demand Slows; Soybean Basis Unchanged
Cash premiums for corn shipped in April to terminals near New Orleans declined relative to Chicago futures as demand ebbed for U.S. grain. The soybean basis was unchanged. The spot-basis bid, or premium, for corn delivered in the second half of this month was 56 cents to 58 cents a bushel above May futures, compared with 58 cents to 59 cents on April 15, U.S. Department of Agriculture data show.
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