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Markets higher to start the week

Commodity prices were trading strongly higher at the mid-day on Monday, marking the start of the week noticeably better than where they left off last Friday.

December 8, 2008  By Top Crop Manager/CBoT

Commodity prices on the Chicago Board of Trade were up considerably from their dismal close last Friday.  December corn had the biggest rally by percentage, witha 20.4 cent increase from a Friday close of $2.93 to stand at $3.14 at the mid-day, Monday.

Soybeans also rallied by 37.0 cents from last week's close at 7.83 to $8.20 and 4/10s for January delivery.

In wheat, the market was up as well, with a 15.2 cent gain for December wheat, a jump to $4.73 by the mid-day on Monday.  December oats failed to gain any ground from last week's close, but then they also did not lose anything by the mid-day, standing at $1.84.



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