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Soybeans Surge Near 9-Year High

Corn near highest since 2013; wheat flat


Chicago soybeans climbed more than 1.5% on Wednesday to their highest in nearly nine years, as shrinking global feed grain supplies and positioning ahead of a key U.S. supply-demand report due later in the day underpinned prices.

A report at Successful Farming says wheat was flat while corn futures rose slightly, gaining for a second straight session.

Tightening corn supplies should affect competing feedstuffs as well, including soybean meal.

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