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Ag Update

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.

Bloomberg reports wheat inspected for export jumped 56% 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% 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% this year, the Minneapolis Grain Exchange said.

As always, use stops and keep an eye on the 10-handle rule. Don't forget to catch MrTopStep on The Closing Print. We report directly from the SPX pits, wrapping up the day and positioning for trade tomorrow.

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