Wednesday, 20 April 2011
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Corn, Soybeans Premiums Rise as Farmers Slow Sales on Rain Delay
Cash premiums for corn and soybeans shipped in April to terminals near New Orleans declined relative to Chicago futures after adverse weather threatened to delay planting, prompting farmers to slow sales. The spot-basis bid, or premium, for corn delivered this month was 54 cents to 60 cents a bushel above May futures, compared with 54 cents to 57 cents yesterday, U.S. Department of Agriculture
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