Wednesday, 13 April 2011
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Corn Rebounds as Price Drop May Spur Demand From Feedmakers; Wheat Falls
Corn futures rose on speculation that yesterday's 3 percent decline will spur purchases by livestock producers facing increased overseas demand for U.S. meat. Wheat fell as rain may aid U.S. crop. U.S. beef exports jumped 25 percent in February from a year earlier and pork shipments increased 8 percent, the U.S. Meat Export Federation said today. Corn prices have more than doubled in the past
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