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Market Impact: 0.32
Corn Rallies to Fresh 3-year Highs with Help from Limit Gains in Wheat
Source: Nasdaq
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Corn futures rallied to 3-year highs, with contracts settling up 10 to 13.5 cents on spillover strength in wheat and US crop supply concerns. The CmdtyView national average Cash Corn price rose another 13.5 cents to $4.85. Overall tone is supportive for the grains complex as weather/supply risk outweighs any near-term pressure.
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