Soft red winter wheat futures at the Chicago Board of Trade were higher at midsession on Thursday on speculative buying triggered by a surge in corn futures to 10-year highs, traders said.
CBOT December corn briefly rose its 20-cent daily trading limit on private estimates for a smaller US corn crop than the USDA projected last month. Wheat and soybeans followed corn higher.
As of 11:35 am CST (1735 GMT), CBOT December wheat was up 11-1/2 cents, or 2.3 percent, at $4.99 a bushel after reaching a session high of $5.10. Deferred months were up 10 cents to down 1-1/2 cent. Tenco bought 500 December contracts, traders said.