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China plans to release corn and rice from state reserves to cool inflation and ease import...

China plans to release corn and rice from state reserves to cool inflation and ease import needs. The amount isn't yet known, but is estimated to be around 2M tons (the country consumes 10-15M tons monthly). The grains were sharply lower today as traders mostly sell Friday's news of a short crop. Corn -2.2%, Beans -3.1%, Wheat -3.2%.
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Comments (1)
  • Stoploss
    , contributor
    Comments (1727) | Send Message
     
    So much for the Chinese easing theory.

     

    That's going to get worse before it gets better.

     

    Better.. LOL!!!
    13 Aug 2012, 09:39 PM Reply Like
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