CORN

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GENERAL OVERVIEW OF CORN MARKET

ISSUE DATE: MAY 10, 2006

While corn trades within IC3, price will trade to the end of that cycle, or around 237 on June 7. If there is a break up through IC3 before that cycle finishes, then we can expect D2 to take price up to the target zone at 260. The reverse is true of a break down through IC3.

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