Wheat futures at the Chicago Board of Trade were higher early on Wednesday on a short-covering bounce after their recent slide, with further support from advances in the neighbouring soy pit, traders said.
Pit sources said the volume was light with FIMAT Futures the main buyer of 200 December.
At 10:08 am CDT (1508 GMT), CBOT wheat was up 1 to 2-1/2 cents per bushel, with December up 2-1/2 at $3.29-1/2 per bushel.
Wheat traders said the market was attempting to consolidate around the currently lower price levels, but they remained wary as funds remained heavily short the CBOT contracts and long KCBT and MGE futures.