Wednesday, 27 April 2011
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Wheat, Corn, Soybeans Decline as Investors Await Outcome of Fed Meeting
Wheat and soybeans fell for a second day in Chicago as investors awaited the outcome of a U.S. Federal Reserve meeting that may affect borrowing costs and investor appetite for commodities. Corn dropped. The central bank probably will announce few, if any, policy changes, economist Dennis Gartman said in his daily newsletter. The end of the Fed's second round of bond-buying, known as
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