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Outside Factors Propel Ag MarketsCHICAGO - May 3/06 - SNS -- Trading activity on international agricultural commodity markets maintained a fairly busy pace, helped by a shopping spree by Iranian importers concerned about the possibility the United Nations will impose trade sanctions on the country for refusing to cancel its nuclear energy program. Primary agricultural markets continue to be influenced by outside factors now that more products are being used to produce alternate fuels. Consequently, normally bearish supply influences are being offset by surging energy markets. At the same time, with the CRB index reaching new all-time highs this week, world money managers are drawn to markets like corn. As a result, the short-term supply fundamentals may or may not have much influence in a given day, depending on action in gasoline, gold and currencies. Subscribers can read the full text of the article by Clicking here
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