WHEAT – Up 3 to 5 cents per bushel.
Weak dollar, dry weather in U.S. winter wheat region and in west Australia wheat-growing area combine to lift wheat futures.
* Dry weather is boosting final seedings of the 2011 U.S. winter wheat crop in the U.S. Plains but rainfall is needed, especially in western Kansas and in Colorado. There is a slight
chance of showers in the six- to 10-day outlook but most of that rain is expected in the eastern growing area.
CORN – Up 3 to 5 cents per bushel.
Boosted by weak dollar, firm crude oil and gains in wheat as dryness threatens the winter wheat crops in the United States and west Australia.
* Dry weather in the U.S. Midwest favors final harvest of the corn and soybean crop and is boosting final seedings of winter wheat.
SOYBEANS – Up 2 to 3 cents per bushel.
Spillover support from gains in corn, a weak dollar and ongoing brisk export sales of U.S. soy, especially to China.
* Scattered rainfall and more seasonal temperatures help ease stress for soybeans in northern Brazil and rain may encourage additional planting in the area.
* Periodic rainfall will maintain favorable conditions for early planted corn and soybeans in Argentina and the next chance of rain appears to be for this coming weekend.