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Thursday, October 29, 2009 1:20 PM

Wet weather supports KC wheat futures

From the Kansas City Board of Trade

Wet weather in the forecast for corn and soybean harvest areas in the next 2 to 3 days supported grain futures this morning, with Kansas City wheat following CBOT corn and soybean futures higher, according to traders. 

Coming into this morning, wheat felt support from an Iraq purchase of 100,000 metric tonnes of U.S. wheat, traders said. 

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