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Corn+Soybean Digest

Corn, Soybean, Wheat Prices Hit All-Time Highs

Soybeans reached an all-time price high the night of Feb. 14 with July 2008 soybean futures selling for $14.08 on the CBOT's electronic platform. Corn neared its all-time price high, hitting $5.45 for July 2009 futures, also on the CBOT's electronic platform. Corn's all-time high price is $5.54, reached in July 1996.

According to CBOT, May beans finished up 39 1/2 at $13.86 1/2, 1/2 off the high and 39 3/4 up from the low. November beans closed up at 34 1/2 at $13.05 1/2--32 1/2 up from the low and 2 off the high.

May corn finished up 13 1/2 at $5.23 1/4, 1 1/2 off the high and 14 1/4 up from the low. December corn closed up 13 at $5.32 1/4--up 13 1/4 from the low and 2 3/4 off the high, according to CBOT.

Wheat also made large strides this past week, including a move up to 1853--up the 90-cent limit--just after the opening on Feb. 14. This posted a new all-time high for any wheat contract, according to CBOT. Wheat opened limit-up three times in the past week.

For more info on CBOT prices and daily market recaps, go to www.cbot.com.

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