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Tuesday, January 09, 2007

Fund Selling, Trips Up Corn Rally

Fund selling trips-up Corn rally: Corn futures took it on the chin this afternoon, as a commodity wide sell-off tied to speculative liquidation weighed on the market. The selling started in after-hours electronic trading, as traders exited long positions on word that commodity index funds were holding a larger than expected long position in Corn futures. Read More.....