Chicago wheat futures rose for the seventh consecutive session, hitting a three-month high, after China's second large purchase of U.S. wheat in several days boosted export prospects.
Corn also extended gains, supported by wheat, while soybean prices rose to recover from a one-month low.
The most active wheat contract on the Chicago Trade Exchange (CBOT) rose 1.1 percent to $6.38 a bushel. The contract touched $6.39 earlier, the highest level since Aug. 24. U.S. sales to China boosted the wheat market.
Source (Al-Khaleej Emirati Newspaper, Edited)
