Saturday, 7 May 2011
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Corn, Soybeans Drop as Investors Bet Demand Will Dry Up on Higher Prices
Corn, wheat and soybeans fell in Chicago as investors sold commodities on speculation higher prices and weaker economic growth will curb demand for raw materials, including those used to make food. Corn surged 88 percent in the past year, wheat gained 49 percent and soybeans rose 38 percent as demand increased and stockpiles dwindled, pushing up food costs that were partly blamed for riots in
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