The corn market gained 25 cents last week with the strength in the wheat market. Rumors that Russia may put a tax on wheat exports and may even ban exports supported the wheat market which spilled over to corn. The strengthening export demand and a firming cash basis also offered support last week.
Swine flu becomes first pandemic in 41 years The World Health Organization told its member nations it was declaring a swine flu pandemic Thursday — the first global flu epidemic in 41 years — as infections climbed in the United States, Europe, Australia, South America and elsewhere. U.S. officials said today they've taken an early aggressive approach and the WHO announcement won't change how it's been dealing with the issue. The WHO designation is based on geographic spread and not on the nature of the disease, U.S. officials said.
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