Nearby wheat futures on the Chicago Board of Trade rose the daily limit of 30 cents per bushel at midsession on Friday, buoyed by technical buying and a lack of sellers in a holiday-shortened session, traders said.
Spillover strength from the soya, gold and energy markets helped lift wheat, along with a higher-than-expected weekly export sales figure. As of 11:42 am CST (1742 GMT), CBOT December wheat was up the 30-cent limit at $8.33-1/2 per bushel. Minneapolis Grain Exchange December spring wheat was up 29 cents at $9.17 after reaching $9.18, and Kansas City Board of Trade December wheat was up 28-1/4 at $8.58-1/2 after reaching $8.60.