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Friday, January 12, 2007

Corn Bears Run For Cover

Corn bears run for cover ahead of USDA report: Corn futures regained nearly all of 2007 losses today, as "massive" short-covering buying ahead of Friday's USDA crop production and supply/demand report caused prices to hit the day's limit. Many traders were nervous to sell the market before what is expected to be a bullish USDA report. Read More.....