US wheat futures rose 1.8 percent on Thursday as poor weather threatened crops in key production areas of North America and Europe and as the dollar fell to its lowest point in nearly three years. Corn rebounded from the prior session's 2 percent slide as wet weather stalled early planting in the US Midwest, but prices drifted from early highs amid uncertainty over forecasts calling for drier weather in May.
Soyabeans added 1.3 percent as traders unwound corn/soybean spreads they had entered on ideas that the slow start to corn planting would siphon more acres into soy cultivation. Stronger than expected weekly export sales data and a weak dollar added support. Chicago Board of Trade corn for May added 0.2 percent to $7.34 a bushel by 12:25 pm CDT (1725 GMT) while May soyabeans rose 1.3 percent to $13.76 a bushel, the largest percentage gain in two weeks. CBOT soft red winter wheat futures for May added 1.8 percent to $7.99-1/4 a bushel.
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