Wheat futures at the Chicago Board of Trade were firm early on Tuesday in a technical rebound from Monday's weather-driven plunge to two-month lows, traders said.
But continuing pressure from the improved weather in the US winter wheat belt and languishing export sales of US wheat were limiting the rally. As of 10:45 am CST (1645 GMT), CBOT May wheat was up 1 cent at $3.51-1/4 per bushel, with July up 1-1/4 at $3.63-1/2 and deferreds up 1-1/2 to down 1/2 cent.