Thursday, 30 June 2011
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Corn prices dive on US acreage, stocks shocker
Reuters WASHINGTON/CHICAGO - Reports showing a surprisingly large US corn crop and bigger-than-expected stockpiles alleviated fears that Midwest flooding would take a heavy toll on grain output, sending corn futures sharply lower and alleviating some concerns about global food prices. Corn was felled by a one-two punch from the US Department of Agriculture's annual acreage and quarterly grain
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