Tuesday, 26 April 2011
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Corn Premiums Rise as Rain Slows Shipments; Soybean Basis Falls
Cash premiums for corn shipped in April to terminals near New Orleans gained relative to Chicago futures as rain slowed river shipments, boosting demand for immediate supplies. The soybean basis declined. The spot-basis bid, or premium, for corn delivered this month rose to 59 cents to 65 cents a bushel above May futures, compared with 58 cents to 61 cents yesterday, U.S. Department of
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