CBOT corn falls to 2010 low; oil futures soar to 17-month high

03/31/2010 | CattleNetwork.com · Reuters · Wall Street Journal, The

The May corn contract on the Chicago Board of Trade dropped to its lowest level this year to end at $3.45 per bushel on Wednesday, falling by 9.5 cents amid heavy fund-selling, technical pressure and the Department of Agriculture's quarterly report that showed bigger-than-expected supply of grain. Light sweet crude for May delivery reached its highest level in 17 months to close at $83.76 per barrel on the New York Mercantile Exchange, rising by $1.39 as momentum from the week's gains and a sluggish dollar softened the impact of a federal report showing higher-than-expected gasoline and oil stocks.

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CattleNetwork.com · Reuters · Wall Street Journal, The

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