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Grain prices finish higher

Updated: 09/02/2010 @ 3:45pm

CHICAGO, Illinois (Agriculture.com)--After choppy trading, the CME Group grain markets close higher Thursday.

The Dec corn futures closed 3/4 of a cent higher at $4.47 1/2. The Nov. soybean contract ended 3 1/2 cents higher at $10.09. The Dec. wheat futures closed 5 cents higher at $7.13 3/4. The Dec. soymeal futures ended $0.25 per short ton higher at $296.10.

In the outside markets, the NYMEX crude oil is $1.06 per barrel higher, the dollar is lower, and the Dow Jones Industrials are up 16 points.

Tim Hannagan, PFGBest.com senior analyst, says that after a mostly higher opening the markets have given back gains. "The markets jumped early off bullish weekly export sales report numbers released prior the open. But, selling off the high has moderate losses an hour and a half into trading as more traders lighten up their book and risk ahead of the long three day holiday weekend. The CME Group markets are closed Monday."

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