US MIDDAY: corn gains

09 Apr, 2011

US corn futures rose on Friday as crude oil leaped to its highest since 2008, gold soared to record highs and the dollar fell, feeding inflation worries and prompting broad-based buying of inflation-sensitive commodities. Corn had sagged in early trade after US agricultural officials left stocks data unchanged.
At 10:34 am CDT (1534 GMT), Chicago Board of Trade corn for May delivery was up 2 cents per bushel at $7.61, May soya was up 20 cents at $13.83-1/2 and May wheat was up 1/4 at $7.73-1/2.

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