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Wheat futures rose the most in two weeks on speculation that demand will increase for U.S. exports as wet weather erodes grain quality in Australia.

The worst floods in 50 years in the Australian state of Queensland may delay wheat deliveries by as much as two weeks and lower quality.

Wheat futures for March delivery rose 19 cents to settle at $8.0825 a bushel at the Chicago Board of Trade.

Denver Post staff and wire reports

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