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DES MOINES, Iowa (Agriculture.com)--Tight supply concerns helped the CME Group corn market to close higher Wednesday.
The March futures corn contract settled 4 cents higher at $6.93. The Jan. soybean futures contract finished 1/2 of a cent lower at $13.86. March wheat futures finished 5 cents lower at $7.45 per bushel. The Jan. soyoil futures contract finished $0.11 higher at $49.64. The January soymeal futures finished $1.30 per short ton lower at $409.60.
In the outside markets, the NYMEX crude oil is $0.09 per barrel lower, the dollar is higher and the Dow Jones Industrials are 35 points higher.
