Monday, 25 April 2011
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Corn Prices Advance as Rain Delays Seeding; Wheat Jumps to 2-Month High
Corn gained on speculation that wet, cold weather across the U.S. Midwest will delay planting, reducing yields. Wheat advanced to a two-month high. About 7 percent of the corn crop was planted as of April 17, down from 16 percent a year earlier, and up from 3 percent the previous week, the U.S. Department of Agriculture said April 18. The average for the previous five years is 8 percent. "Given
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