CBOT late call-Wheat up 1-2pc; unchanged from earlier

CHICAGO: Wheat futures were called 1 to 2 cents per bushel higher on Monday, in line with gains made during overnight trading, on support from dry weather that was hurting the recently seeded crop in the US Plains.

CBOT soft red winter wheat was up 1-1/4 to 2-1/4 cents during overnight Globex trading. Kansas City Board of Trade hard red winter wheat fell 1/4 to 1/2 cent while MGEX spring wheat rose 1 to 7-3/4 cents a bushel.

Dry weather returning to drought-plagued US Plains hard red winter wheat region.

Iraq bought 350,000 tonnes of wheat in tender for just 50,000 tonnes. Deal includes Canadian, Russian and Australian wheat - European traders.