US MIDDAY: corn posts double-digit gains

15 Nov, 2006

Corn futures on the Chicago Board of Trade surged sharply at midday Tuesday, with bellwether December up 11 cents, as widespread fund buying boosted prices, traders said.
Traders said a large portion of the buying was stemming from the e-cbot electronic trade, with close to 70,000 lots of corn traded by midday on the platform. At 12:02 pm CST (1802 GMT), CBOT corn was up 1-1/2 to 10-3/4 cents per bushel, with December up 11 cents at $3.53-1/2 per bushel.

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