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Soybeans Rise as Wet Weather Halts Harvest

Midwest forecast fuels worries about harvest delays, potential damage to crops

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U.S. soybean futures rose for the first time in three sessions on Friday as a rainy Midwest forecast fueled worries about harvest delays and potential damage to some crops.

Retuers reports wheat edged higher as rising global prices stirred optimism about a pickup in demand for U.S. wheat.

Corn futures ended near unchanged as strong export demand and worries about U.S. harvest delays lifted prices to one-month highs took prices to one-month peaks before profit-taking clipped gains.

“The weather is definitely keeping beans afloat,” Terry Reilly, senior commodities analyst with Futures International, told Reuters.

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