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Soybeans close 12¢ higher

10/21/2013 @ 9:24am

DES MOINES, Iowa (Agriculture.com)--Demand helped the CME Group soybean market close double-digit higher Monday.

The Dec. corn futures contract closed 2 1/2 cents higher at $4.44. The Nov. soybean futures contract closed 12 cents higher at $13.03. Dec. wheat futures ended 6 cents lower at $6.99 per bushel. The Dec. soymeal futures contract finished $5.60 per short ton higher at $415.70. The Dec. soyoil futures settled $0.04 lower at $41.64. 

In the outside markets, the NYMEX crude oil is $0.32 per barrel lower, the dollar is higher and the Dow Jones Industrials are 21 points lower.

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Soybeans Rally on Demand, Weather