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Wednesday, April 12, 2006

It Was The Bears' Turn To Dictate The Day's Direction In Corn Futures

Bulls cornered: It was the bears' turn to dictate the day's direction in Corn futures, as word spread that a private consulting firm said that more acres will be dedicated to Corn planting than earlier thought. This sent longs running for cover and prices to their lows for the week. Favorable planting weather in the Midwest also weighed on prices. Spread trading remains active, as the "Goldman Roll" continues in Corn. Read More....