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Grains end with double-digit gains

Jeff Caldwell 11/18/2010 @ 2:37pm Agricultural content creator and marketer.

The CME Group grains ended Thursday just like they spent most of the day, chipping away at the losses from the last week of lower trading.

At the close, December corn was 16 cents higher at $5.41 3/4 per bushel, while January soybeans were 37 cents higher at $12.42, according to Barchart.com. December wheat was 12 3/4 cents higher at $6.45 1/4.

The grains, especially corn, was buoyed by a weaker U.S. Dollar index and tighter grain supplies, according to a Dow Jones Newswires report. Some analysts believe the latter factor leaves a lot of upside potential in the weeks ahead.

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