WHEAT – Up 10 to 12 cents per bushel.
Boosted by dry weather in key wheat areas of the U.S. Plains, including western Kansas, and in west Australia. Dryness also a concern in portions of the U.S. Midwest soft red
winter wheat region. Weak dollar also supportive, as is a rumor that China may have purchased U.S. wheat.
* Dry weather a mounting concern in the U.S. Plains hard red winter wheat region and in the U.S. Midwest soft red winter wheat areas.
* Dryness a worry for the wheat crop in west Australia and the dry weather appears entrenched for at least the next 10
* Dry weather threatens U.S. winter wheat crop.
n Wednesday flat in quiet trading.
CORN – Up 4 to 5 cents per bushel.
Support from strong rally in wheat, a weak dollar and gains
in crude oil.
* Dry weather and less wind in the U.S. Midwest will favor final harvesting of corn and soybeans, but the dryness also is posing a problem for the soft red winter wheat crop.
Soaring wheat market lending spillover support and soybean futures continue to be lifted by brisk export sales of U.S.soy, especially to China. Weak dollar, gains in crude and gold
also lend support.
* USDA said export sales of U.S. soybeans last week totaled 2,025,800 tonnes, at the high end of estimates for 1,500,000 to