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McDonald’s Bought Commodities Before Rally, Cuts Cost Forecast

McDonald’s Corp., the world’s largest restaurant chain, said it bought grain and other commodities before a rally in prices, allowing the company to cut a forecast for some costs.

A U.S. “grocery basket” will be 3.5 percent to 4.5 percent higher this year, Peter J. Bensen, the chief financial officer of Oak Brook, Illinois-based McDonald’s, said today on a conference call with analysts. That compared with the company’s projection on April 20 for an increase of 4.5 percent to 5.5 percent.