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Grain prices snap higher as hot weather persists

By The Associated Press
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Prices for corn, wheat and soybean futures rose sharply Monday as hot weather continues to blanket the Midwest and threaten crops planted there.

The heavily traded December contract for corn shot up 37 cents, or 5 percent, to settle at $7.30 per bushel Monday. Corn has been rising sharply since June 21, when it settled at $5.50 per bushel.

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