Wheat extends gains into third session, near one-week high

02 Mar, 2015

SYDNEY: US wheat futures rose for a third consecutive session to hover close to a one-week high as the grain drew continued support from concerns about potential damage to US supplies.

May wheat rose 0.6 percent to $5.16 a bushel, having closed up 2.5 percent on Friday when prices hit a one-week high of $5.17-3/4 a bushel.

Chicago Board Of Trade May soybeans rose 0.2 percent to $10.33-1/4 a bushel, having firmed 0.5 percent on Friday when prices hit $10.38 a bushel, the highest since January 12.

Copyright Reuters, 2015

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