Wednesday, May 18, 2011

Funds Keep Buying

Funds were active buyers in corn contracts late yesterday, and the buying continued in the overnight session to drive the market up to the highest level since May 5, the CME Group said in its Wednesday morning report. Ideas that there could be less than expected corn planted area and lower than expected yields for the coming year is beginning to provide solid support to the corn market.

As seen on marketwatchonline.com

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