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Corn rallies on weather threat
date:Jul 03, 2012
rn rallied 40 cents last Monday, but we could not match that momentum today, may be a sign that weather is priced in already, said Chad Henderson, president of brokerage and agricultural advisory firm Prime Ag Consultants.
Traders are also mindful of prices rising to levels that cause demand destruction, particularly with the ethanol industry and livestock feeders reporting poor profit margins from higher corn prices.
Separately, soybean futures gained support from uncertainties surrounding the

12/22 01:06