US MIDDAY: wheat stays up

US wheat rose for the fifth day in a row on Friday as short sellers exited the market on increased hopes for a solution to the eurozone debt crisis and signs the US economy was healing. Spot wheat traded on the Chicago Board of Trade was up 7 percent for the week, posting its biggest weekly advance in nearly five months and reversing four straight weeks of decline.
At 10:02 am CST (1602 GMT), CBOT December wheat was up 16-1/4 cents at $6.17, December corn was up 1/4 at $5.95 and January soyabeans were up 13 at $11.41.