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Thursday, March 09, 2006

Corn Bulls And Bears Are Caught In A Tug-Of-War

Cornfused? Corn bulls and bears are caught in a tug-of-war to decide the next move in the market. The bullish argument is that weekly export sales were higher than expected, with the USDA reporting sales of 1,424,300 tons, 16% above the 4-week average. Also supportive was news that China would not be exporting Corn any time soon, as domestic demand continues to be stronger than expected. Read More....