SINGAPORE- Chicago wheat futures rose 1.7 percent on Monday, with prices supported by concerns over global supplies, while soybeans and corn ticked higher.
The most-active wheat contract on the Chicago Board of Trade (CBOT) added 1.7 percent to $7.93-1/4 a bushel. Soybeans rose 0.1 percent to $14.15 a bushel and corn Cv1 quarter of a cent to 0.5 percent to $6.16-1/2 a bushel.
The wheat market is being supported by a global supply crunch.
The US Agriculture Department (USDA) said private exporters reported the sale of 132,000 tons of soybeans to China and 247,800 tons of corn to unknown destinations.
Separately, USDA said weekly export sales of soybeans totaled 1.199 million tons, up 30.5 percent from a week earlier. Corn export sales of 1.196 million tons were near the high end of market forecasts.
