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Grains higher Tuesday

Nov. 20, 2012 at 6:21 PM

CHICAGO, Nov. 20 (UPI) -- Grain futures were modestly higher on the Chicago Board of Trade Tuesday as tight global supplies and shipping delays in Brazil boosted U.S. suppliers.

Corn was up 4 1/2 to up 5 1/2, soybeans were up 13 1/4 to up 18, wheat was up 1 1/2 to up 3 1/4 and oats were up 1 to up 1 3/4.

Corn found support exporting difficulties that are slowing the supply line in Brazil. Wheat prices benefited from spillover support from soybeans, although gains were tempered by a stronger dollar. Soybeans extended a rally with early gains that set the pace for the day.

Today's prices:

Corn: Dec 7.43 1/4 up 4 1/2, Mar 7.47 1/4 up 4 3/4, May 7.43 up 5 1/4, Jly 7.32 1/4 up 5 1/2.

Soybeans: Nov 14.12 3/4 up 18, Jan 13.96 1/4 up 14 1/4, Mar 13.79 up 13 1/4, May 13.72 1/4 up 13 1/2.

Wheat: Dec 8.45 up 3 1/4, Mar 8.60 1/2 up 2 3/4, May 8.66 1/4 up 2 1/4, Jly 8.52 3/4 up 1 1/2.

Oats: 3.76 1/2 up 1, Mar 3.87 3/4 up 1 3/4, May 3.89 1/4 up 1 3/4, Jly 3.90 3/4 up 1 3/4.

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