The falling dollar once again helped push up the price of grain, with some signs that foreign buyers were moving in to take advantage of relatively low prices of U.S. wheat.
Demand has been strong for American wheat farmers' product in recent weeks, with grain exporters in the U.S. selling over 50 percent more in the four weeks that ended September 23 than they did a year earlier, according to government data reported by Bloomberg.
"When the dollar goes down, it makes our exports more attractive to foreign customers," Tom Leffler of Leffler Commodities in Augusta, Kansas, told Bloomberg News. "We did see a certain amount of end-user buying come in, considering we pushed the market down pretty considerably."
On the Chicago Board of Trade, wheat futures for December delivery gained 15.25 cents to $6.625 per bushel.
Corn futures also gained, rising 5.5 cents to $4.77 per bushel on the CBOT. While corn hasn't seen as dramatic a runup as the price of wheat, it's been pulled up alongside other grains on fears of a global shortage.
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