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corn definition - finance
An agricultural product that is grown throughout the Midwestern United States, as well as other areas. Futures and options on corn have been traded on the Chicago Board of Trade since 1877. Corn also is traded on other futures exchanges throughout the world. Monthly crop reports produced by the U.S. Department of Agriculture are closely watched by corn traders because they give information about expected supply, which directly affects prices.

Webster's New World Finance and Investment Dictionary Copyright © 2003 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.

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