Posted AT 6:41 AM EDT on 24/07/08
Grains rebound as bargain-hunters buy low
PARIS/SINGAPORE — U.S. corn futures bounced back on Thursday, rising more than 2 per cent, as investors took advantage of a sharp decline in prices.
“It looks like a technical rebound, it has fallen so much that prices are now attractive,” said Atul Chaturvedi, president of Adani Exports Ltd, a leading Indian commodities exporter.
“There is bound to be some profit-taking coming into the market at this price level.
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