Corn Gains Above $5 for First Time Since 2008 on Supply Concern
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Corn climbed above $5 a bushel for the first time in almost two years in Chicago on concern that falling U.S. yields and higher demand from importers will erode supplies in the world’s largest exporter.
December-delivery corn rose 2.2 percent to $5.07 a bushel on the Chicago Board of Trade at 2:14 p.m. Paris time. The grain touched $5.1175, the highest price for the most-active contract since Sept. 30, 2008. Prices advanced for a seventh session, the longest winning streak since June 2008.