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Wheat is also expected to be higher today, as they, like corn, rebound from tough losses, Bryant Sanderson said. “U.S. wheat markets have become more competitive on the export market, but EU and Black Sea futures were both weaker yesterday as well,” he said.

Kansas City wheat prices are “less than 20 cents from 14-year lows,” Joe Vaclavik of Standard Grain said. “We are really scraping the bottom of the barrel here. They are very cheap relative to corn.”

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