February 26, 2010
Futures prices were up this week, highlighted by a 16-cent gain in the CBOT March contract on Friday. The rally was sparked by a weakening dollar, which fell sharply on Friday after posting gains earlier in the week. CBOT nearbys closed at $5.07/bu, up 16 cents from last week and its highest close since January 18. KCBT nearbys were up 12 cents, to $5.11/bu, and MGEX nearbys were up 8 cents, to $5.16/bu. Corn and soybean prices were up as well, with corn gaining 18 cents to close at $3.78/bu and soybeans gaining 6 cents, at $9.51/bu.
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