Thursday, April 12, 2012

China buying rumors support corn markets

The corn market found support from outside market forces and from ideas that China will be an active buyer of US corn if there is a significant break, the CME Group said in its Thursday morning report. Rumors of China buying a few cargoes of US corn helped to support the market yesterday. Buying corn seems to pencil in for China feeders given the high corn values in China.

As seen on marketwatchonline.com

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