Thursday, 21 April 2011
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Corn Premiums Rise as Farmers Slow Sales; Soybean Basis Steady
Cash premiums for corn shipped in April to terminals near New Orleans rose relative to Chicago futures as farmers held remaining supplies from last year's harvest for higher prices. The soybean basis was steady. The spot-basis bid, or premium, for corn delivered this month was 55 cents to 60 cents a bushel above May futures, compared with 54 cents to 60 cents yesterday, U.S. Department of
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