Tuesday, 3 May 2011
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Corn Declines in Chicago as Dollar's Gain May Curb Demand for Commodities
Corn dropped as the dollar gained for the first time in 10 days, reducing the appeal of commodities as a hedge against inflation and on speculation that yields in the U.S., the largest exporter, may improve on favorable weather. Corn for July delivery lost as much as 1.7 percent to $7.44 a bushel on the Chicago Board of Trade and traded at $7.5025 by 12:11 p.m. London time. "Commodities are
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