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The Hightower Report said, “The wheat market closed near the highs of the day yesterday and is modestly higher again this morning as the heaviest rainfall amounts on the southern Plains were shifted slightly east and up to one quarter of the dry southwestern Plains areas may receive only light totals.” Amanda Brill at Total Farm Marketing said, “In Argentina, a bumper wheat harvest could reportedly hit a record if the export tax cuts are extended. The Buenos Aires Grain Exchange is forecasting the second largest wheat production ever for the country.”