Friday, 1 July 2011
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U.S. corn extends losses after USDA report
* Lower corn prices may see less demand for Australian wheat * High corn prices seen as key to larger U.S. stockpiles * Coming up: Reuters/UMich sentiment, June; 1355 GMT By Bruce Hextall SYDNEY, July 1 (Reuters) - U.S. corn futures tumbled for the second day in a row on Friday after a U.S. government report showed that corn stocks were much higher than the market had expected and farmers
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