Corn falls as U.S. government sets new requirements for renewable fuels

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Source: Bloomberg
Corn declined on Monday falling to the weakest level in a week after a demand for biofuels-producing crops was reduced as the U.S. government proposed changed requirements in amounts of renewable fuels such as biodiesel and corn ethanol. Corn for delivery in March fell 0.8% to $4.2725 a bushel on the CBOT, the lowest since November 11.

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