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Wheat extends gains on dry weather worries

By The Associated Press
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Wheat rose to its highest level in more than a year on concern that unseasonably dry weather in the Southern Plains of the U.S. will harm the crop.

The price of wheat for delivery in July rose 10 cents, or 1.4 percent, to $7.39 a bushel Tuesday. Wheat is at its highest level since March last year after closing higher 10 times in the last 11 days.

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