US wheat futures retreated less than 1 percent on Thursday on outlooks for better weather in Europe's wheat belt following bitter cold that threatened crop output and rallied prices to multimonth peaks. Corn and soyabeans turned up as the dollar weakened, US cash markets remained firm for each and US export sales of corn continued at a brisk pace.
"Corn was supported by the export sales number. It was higher than expected and China sneaked in some new-crop corn and whenever that happens it gets attention," said Jerrod Kitt, analyst for The Linn Group. At 11:05 am CST (1705 GMT) CBOT March wheat was down 3 cents at $6.71-1/4 per bushel, March corn was up 3-1/2 cents at $6.45-1/2 and March soyabeans were up 6-1/2 cents at $12.21-3/4 per bushel.
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