US MIDDAY: wheat higher by local traders

Wheat futures at the Chicago Board of Trade were strongly higher early on Friday in step with surging corn and soybean futures, traders said. At 10:04 am CDT (1504 GMT), CBOT wheat was up 1 to 5-1/2 cents per bushel. July was up 5-1/4 at $3.37 per bushel. Local traders were the main buyers and ADM spread 500 September/December, pit sources said.
Wheat traders said the strong rally in soy was the focal point early Friday. Hot and dry weather, especially in the key eastern Midwest corn/soy state Illinois, was boosting those markets sharply higher.