Saturday, 7 May 2011
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Soybean, Corn Premiums Fall as River Restrictions Slow Demand
Cash premiums for soybeans and corn shipped in May to terminals near New Orleans fell relative to Chicago futures after the U.S. Coast Guard restricted barge traffic on the Mississippi River because of flooding. The spot-basis bid, or premium, for soybeans delivered this month was 58 cents to 64 cents a bushel above July futures, down from 60 cents to 67 cents yesterday, U.S. Department of
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