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Thursday, July 02, 2009 8:54 AM

KC wheat turns lower after higher opening Wednesday

From the Kansas City Board of Trade

Kansas City wheat futures opened higher on carryover strength from overnight trading and a weaker U.S. dollar, according to traders.  Egypt bought 90,000 metric tones of French and U.S. wheat, also bringing some support to opening prices.

There was no follow through in buying this morning, as wheat continues to struggle with weakness in the corn market and the ongoing harvest, traders said.

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