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Friday, October 30, 2009 11:50 AM

Weather sends wheat futures lower

From the Kansas City Board of Trade

Weather continues to be the fundamental force behind grain price action today, as an improvement in the forecast for corn and soybean harvest, and winter wheat planting pressured prices today, according to traders. 

Dry weather in the next eight to ten days is in the forecast for the Midwest and Great Plains, traders said.  Rain has caused wet conditions and harvest delays throughout the week. 

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