date:Aug 18, 2012
Chicago Board of Trade futures for September delivery settled 12 3/4 cents, or 1.5%, higher at $8.74 1/2 a bushel. Kansas City Board of Trade September wheat ended up 13 cents, or 1.5%, at $8.85 1/2 a bushel. MGEX September wheat finished 6 cents, or 0.7%, higher at $9.27 1/2 a bushel.
Wheat futures were supported by speculation that reduced wheat production in the Black Sea region, particularly from Russia, could restrict exports from the area and increase demand for U.S. wheat.
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