US MIDDAY: soya, wheat rise

29 Jan, 2009

Chicago Board of Trade soyabeans, wheat and corn rose by late morning Wednesday on a technical bounce after a lacklustre start to the session, traders said.
March wheat broke through its 20-day moving average of $5.92 a bushel, giving the market a little more strength. Soyabeans were recovering from this week's break below $10 amid recent Argentine rains and forecasts for more. Corn followed.

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