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Corn was up, other grains lower on CBOT

A sign displays the logo of the Chicago Mercantile Exchange outside of their building in Chicago on March 18, 2008. The CME announced Monday that they will buy NYMEX Holdings, the world's largest physical commodities exchange, in a cash and stock deal worth about 9.4 billion dollars. (UPI Photo/Brian Kersey)
A sign displays the logo of the Chicago Mercantile Exchange outside of their building in Chicago on March 18, 2008. The CME announced Monday that they will buy NYMEX Holdings, the world's largest physical commodities exchange, in a cash and stock deal worth about 9.4 billion dollars. (UPI Photo/Brian Kersey) | License Photo

CHICAGO, Nov. 27 (UPI) -- Corn was higher but soybeans and wheat were lower at the close Friday on the Chicago Board of Trade.

Corn was up 5 1/4 to up 5 1/2, soybeans were off 1 1/2 to off 3 1/2, wheat was off 1 to off 2 and oats were off 3.

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Corn surged, hitting highs in afternoon trading as traders reported strong buying and short covering by traders initially spooked by Dubai's debt worries. Additional support came from exports as the European Union decided to allow importation of previously restricted corn varieties. Soybeans were mixed despite support from EU exports. Wheat moderated throughout the day following sharp overnight drops but still finished in negative territory. Oats followed wheat and beans.

The prices:

Corn: Dec 3.97 1/4 up 5 1/4, Mar 4.13 1/2 up 5 1/2, May 4.24 up 5 1/2, July 4.32 3/4 up 5 1/2.

Soybeans: Jan 10.53 off 1 1/2, Mar 10.58 3/4 off 2, May 10.60 1/4 off 3 1/2, July 10.65 1/2 off 3 1/2.

Wheat: 5.48 3/4 off 1 1/2, Mar 5.69 3/4 off 1 3/4, May 5.82 1/4 off 2, July 5.93 1/4 off 1.

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Oats: Dec 2.55 off 3, Mar 2.68 1/2 off 3, May 2.76 3/4 off 3, July 2.84 1/4 off 3.

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