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Markets

CBOT corn closes firm for third straight day

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By Shoaib Ur Rehman

imageCHICAGO: Chicago Board of Trade corn futures rose on Tuesday on the back of a rally in the soybean market, traders said.

Some concerns about rainy weather slowing down the harvest of the crop in the US Midwest lent additional support to the corn market.

Corn futures, which hit their highest since Sept. 12, have risen three days in a row.

CBOT December corn futures broke through their 50-day moving average, prompting some additional technical buying.

Copyright Reuters, 2016

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