Wheat futures on all three US exchanges rose early Monday in a technical bounce, traders said. In Chicago, large speculators' net short position leaves CBOT wheat open to bouts of short-covering. CBOT December wheat was up 16-1/4 cents at $5.52-1/2 a bushel by 9:35 am CST (1535 GMT). Kansas City and Minneapolis December wheat contracts were up 11 to 16 cents.