Tuesday, 3 May 2011

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Corn Declines in Chicago as Dollar's Gain May Curb Demand for Commodities

  • Tuesday, 3 May 2011
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  • 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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