Tuesday, 26 April 2011
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Corn, Soybean Premiums Rise as Flooding Slows Barge Shipments
Cash premiums for corn and soybeans shipped in April to terminals near New Orleans rose relative to Chicago futures as flooding slowed shipments of grain, boosting demand for immediate supplies. The spot-basis bid, or premium, for corn delivered this month rose to 58 cents to 61 cents a bushel above May futures, compared with 55 cents to 60 cents on April 21, U.S. Department of Agriculture data
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