Friday, July 20, 2007

Corn, Soybeans Advance in Chicago on Overseas Demand; Wheat Futures Falls

(Bloomberg) -- Corn and soybean futures in
Chicago rose on expectation overseas buyers will increase
purchases of U.S. grains and oilseeds. Wheat futures declined.

Corn prices will ``stabilize and strengthen'' with ``the
underlying supply and demand dynamics for corn still looking
very positive'', said analysts at Barclays Capital led by Kevin
Norrish in a report yesterday, citing demand from China and
ethanol production.


Read more at Bloomberg Commodities News

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