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Markets Watch Flu Seeding Progress
CHICAGO - Apr 28/09 - SNS -- International agriculture commodity markets maintained a relatively busy tone as the week's trading got underway, though markets continue to be influenced by intense media coverage of the limited number of cases of people infected with swine flu in the world.
Corn markets were also negatively influenced in overnight trade by better than expected seeding this year's crop. Seeding is 28% complete, up from 9% at this time last year, but behind the recent five year average of 28%. Only 3% of the soybean crop has been planted, up from 2% last year, but below the recent average of 5%.
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