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News and analysis on the global poultry
and animal feed industries.
on December 7, 2011

Corn, soybean futures rise on falling prices

Increased demand expected from meat, food, fuel processors

Corn futures for March delivery rose 0.9% on December 6, to $5.965 a bushel, up from a two-month low on speculation that prices that have fallen 20% since September 1 will increase demand from meat, food and fuel processors. 

Similarly, soybean futures for January delivery rose 0.3%, to $11.295 a bushel. “Prices have fallen so much since September that there is a little bit of buying beginning to surface” from U.S. fuel and meat producers, said Dave Marshall, a farm marketing adviser for Toay Commodity Futures Group LLC. Corn prices dropped 6% in November, while soybeans dropped 7.1%.

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