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Thursday, January 25, 2007

Buy the rumor, sell the fact:

Buy the rumor, sell the fact: Corn futures fell sharply today, with the lead-month March contract moving below the $4 level early in the session as traders booked profits after President Bush's State of the Union address. The President called for increasing US usage of renewable fuels to 35 billion gallons by 2017, up sharply from the current mandate of 7.5 billion gallons by 2012. Read More.....