Monday, 11 April 2011
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Soybean Premiums Widen as U.S. Supplies Fall; Corn Basis Steady
Cash premiums for soybeans shipped in April to terminals near New Orleans rose relative to Chicago futures as farmers withheld supplies after prices fell. The corn basis was unchanged. The spot-basis bid, or premium, for soybeans delivered this month was 58 cents to 62 cents a bushel above May futures, compared with 58 cents to 60 cents on April 8, U.S. Department of Agriculture data show. The
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