US grains futures rose in Asian trading on Thursday ahead of a weekly export sales report from the US Department of Agriculture, while traders kept a close watch on the Ukraine crisis that has disrupted global supplies.
The most-active wheat contract on the Chicago Board of Trade (CBOT) was up 0.2 percent at $10.43-1/4 a bushel, after initially swinging back and forth in a tight range.
CBOT soybeans climbed 0.3 percent to $16.23-3/4 a bushel, while corn added 0.1 percent to $7.57-1/4 a bushel.
Tightening global grains supply has underpinned prices, exacerbated by Black Sea shipment disruptions, unfavorable US weather and some countries restricting exports.
CBOT soybean is up 21 percent this year, while wheat has risen 35 percent and corn has climbed 27 percent. – Reuters
