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Wheat rises on weather, Ukraine; Gold jumps

Published on NewsOK Modified: April 15, 2014 at 4:43 pm •  Published: April 15, 2014

Wheat futures are rising sharply for the second day in a row as cold temperatures hit the U.S. and as concerns build that Ukraine's grain exports could be disrupted.

Wheat rose 23 cents, or 3 percent, to settle at $7.02 a bushel Tuesday. The price has risen nearly 7 percent over the last two days.

In Ukraine, government forces took their first military action to suppress a pro-Russian uprising in the Eastern part of the country, repelling an attack by about 30 armed men at an airport.

The price of gold had its biggest one-day increase since December.

The June contract fell $27.20, or 2 percent, to $1,300.30 an ounce. Other metals also fell broadly. Palladium fell for the first time in six days.

Corn was little changed. Soybeans rose.

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