Wheat futures rose for a second day on signs of improved demand for U.S. exports after prices touched a 14-month low. Soybeans and corn also advanced.
Wheat inspected for export jumped 56 percent to 46.024 million bushels in the week ended Sept. 12 from a year earlier, the U.S. Department of Agriculture said Sept. 16. Sales since June 1 rose 38 percent to 602 million bushels as of Sept. 5 from the same period a year earlier, the agency said. Average U.S. cash prices fell Sept. 6 to the lowest since June 2012, down 20 percent this year, the Minneapolis Grain Exchange said.
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