Corn Declines as Dollar Advance Reduces Demand for Commodities
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Corn dropped as the dollar gained for the first time in 10 days, reducing the appeal of commodities as a hedge against inflation and on speculation that yields in the U.S., the largest exporter, may improve on favorable weather.
Corn for July delivery lost as much as 1.7 percent to $7.44 a bushel on the Chicago Board of Trade and traded at $7.5025 by 12:11 p.m. London time.