EU wheat at new highs following Chicago rally

Front-month January, which expires on Jan.10, hit acontract high of 250,00 euros a tonne, up one percent, a level unseen in continuous value since late March 2008, while March scored a new contract high of 246,25 euros, also up one percent. Wheat on the Chicago Board of Trade jumped more than 2percent to a 4-1/2 month high on Wednesday on technical buying in very thin, holiday-week trade, shrugging off earlier pressure stemming from an improved Australian wheat harvest pace.

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