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Monday, April 02, 2007

USDA, Geopolitical Concerns Shake Up Commodity Markets

Corn – Corn futures finished limit down on Friday’s USDA Projected Plantings report, which had projected Corn acres pegged at 90.4 million, which is a rise of 15.5 percent over last year. Attractive Corn has helped shift these acres from other grains, namely Soybeans, and the scenario sets up for a higher carryout than the projected 750 million bushels. Read More....