Grain futures surge in Chicago Wednesday

Corn was up 21 3/4 to up 22 3/4, soybeans were up 40 to up 40 1/4, wheat was up 46 to up 49 1/2 and oats were up 12 1/4 to up 27 1/4.
Corn prices jumped with funds positioned to buy and the Energy Information Administration reporting ethanol production for the week ending Nov. 26 averaged 885,000 barrels per day, up 99,000 barrels from the same week last year. Wheat founds support from Egypt purchasing 220,000 metric tons Wednesday. Soybean prices rose sharply along with a strong gains in equities on Wall Street.

The prices:

Corn: Dec 5.51 3/4, up 21 3/4; Mar 5.55 1/4, up 22 1/4; May 5.74 1/4, up 22 3/4; Jly 5.78 1/4, up 22 3/4.

Soybeans: Jan 12.83, up 40; Mar 12.91 1/2, up 40; May 12.93, up 40; Jly 12.96, up 40 1/4.

Wheat: Dec 6.97 1/2, up 47 1/4; Mar 7.40, up 49 1/2; May 7.63 1/4, up 47 1/2; Jly 7.74 1/4, up 46.

Oats: Dec 3.67 1/4, up 27 1/4; Mar 3.63, up 13; May 3.68 1/4, up 12 1/2; Jly 3.73 1/4, up 12 1/4.

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