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November 12, 2010

Rise in interest rates in China affects crops futures

The crop futures all fell due to the speculation that China will raise its interest rates, corn, soybean and wheat all fell with soybean falling the most in six weeks, followed by corn and wheat. HSBC holdings Plc said that China would raise interest rates by 25 basis points by the end of the year. This speculation has led to a sharp markdown of agricultural commodities. Read more...
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