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Commodities Briefing - Categorized | Agriculture, Market Moves more

Agri commodities rally bypasses India

Posted on 28 October 2010

From Business-standard.com: Agricultural commodities rocketed in markets abroad this month on bullish fundamentals, triggered by a weakening dollar. But in India, they remained range-bound due to measures taken by the government, including timely release of foodgrain, and beginning of harvesting of kharif soybean and corn.
Corn and soybean rose sharply at the Chicago Board of Trade (CBOT). Corn for delivery in December rose 13 per cent to the highest level since September 2008. Rabobank continued its positive view on prices, with risks remaining skewed to the upside. Corn (maize) was at $5.68 per bushel at CBOT on Wednesday……………………………………….Full Article: Source

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