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NEW YORK (AP) - Wheat prices peaked Wednesday in advance of a government report expected to show robust export sales, with foreign demand for U.S. wheat intensifying as world stockpiles dwindle.
In other commodities markets, oil rebounded from early declines, industrial metals ended in a mixed range and gold declined.
The Agriculture Department reports weekly export sales on Thursday, and analysts expect the past week's reading to come in strong. World wheat supplies are heading for the lowest level in nearly three decades, according to USDA estimates, after major producing regions got too much rain this year or too little.
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