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Wheat paces higher grains on export demand

Jeff Caldwell 01/26/2011 @ 10:04am Multimedia Editor for Agriculture.com and Successful Farming magazine.

Wednesday's CME Group opening finds corn, wheat and soybeans all trading higher, with wheat futures trading to almost 2 1/2-year highs on strong export demand.

In early session trading, nearby corn was 6 1/4 cents higher at $6.57 1/4 per bushel, while nearby soybeans were 3 cents higher at $13.77 1/2, according to Barchart.com. Nearby wheat was up 10 3/4 cents at $8.49 per bushel, though the $8.50 mark is expected to come and go on strong export demand, according to a Dow Jones Newswires report.

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