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Corn and soyabean futures on the Chicago Board of Trade turned higher early Tuesday as strong technicals triggered buying, traders said. The grains were volatile, falling early as the dollar climbed. But follow-through technical buying from Monday's strong close surfaced shortly after the CBOT markets opened.
December corn surpassed its 200-day moving average of $3.88 a bushel then dipped back. December up 10 cents per bushel at $3.92-1/4. November soyabeans up 16 cents per bushel at $10.13-1/2 per bushel. January up 17-3/4 at $10.15-3/4. December wheat down 2-1/2 cents per bushel at $5.14-1/4.

Copyright Reuters, 2009

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