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Monday, June 22, 2009 12:32 PM

Wheat lower due to dollar pressure, ongoing harvest Monday

From the Kansas City Board of Trade

Kansas City wheat futures traded lower on Monday, feeling pressure from strength in the U.S. dollar, and the ongoing harvest, according to traders. 

Rain in HRW wheat areas on Saturday and Saturday night caused some delays in the harvest over the weekend in Kansas, traders said, but heat and dry weather should allow cutters to continue this afternoon. 

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