Saturday, 14 May 2011
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USDA Raises Predictions for Corn, Soybean Supplies
End-of-season corn inventories in the U.S. won't be as tight as previously expected, federal forecasters said, easing supply concerns that had driven prices to record highs. Crop futures tumbled on the forecast, with corn dropping the maximum amount allowed under exchange rules. The grain fell to its lowest level since March 31 when a federal inventory report shocked traders and fueled corn's
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