Corn To Average USc450/bushel In 2010

March corn has stabilised in recent days, bolstered by a general bounce in grain prices and emerging concerns over the quality of the US 2009/10 crop. As a result, the contract now looks to have pulled out of a steep multi-week decline and we expect a greater degree of price stability going forward. Indeed, we target sideways trade in the USc340-390/bushel range over the coming weeks.

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