PARIS/SINGAPORE: Chicago wheat rose for a second session on Wednesday, supported by global harvest risks as dry weather persisted in parts of major exporting countries like Russia and Australia.
Soybeans rose as reports of a Chinese offer to increase purchases of US imports encouraged hopes that trade tensions will ease.
Corn edged up as the cereal recovered from multi-week lows earlier this week and investors weighed up growing weather for newly planted US corn.
The Chicago Board Of Trade most-active wheat contract was up 1.1 percent at $5.15-1/2 a bushel by 1133 GMT, pulling further away from Monday's near two-week low of $5.03-1/4.
"Importers are not really concerned at this stage but clearly prices are going to move higher," said one Singapore-based wheat trader at an international trading company.
"There are weather issues in Russia and Australia on top of the dry growing season that we saw for the US winter crop."
The US Department of Agriculture late Monday rated 37 percent of the US winter wheat crop in good to excellent condition, down from 38 percent a week earlier.
Southern Russia, a key growing zone in the world's biggest wheat exporting country, remained dry as were parts of Australia and northern and eastern Europe.
CBOT corn inched up 0.1 percent to $3.84-1/4 a bushel, recovering from Tuesday's low of $3.8, a level not seen since April 20.
Soybeans gained 0.2 percent to $10.03-1/2 a bushel, recovering from a two-week low on Tuesday.
The USDA saw the US corn crop as 78 percent good to excellent, down from 79 percent the previous week but still among the highest for this point in the season over the last 20 years.
"Weather conditions are currently reassuring operators," consultancy Agritel said of corn.
"Current prices are favouring the US origins for some export destinations and this despite the strengthening of the dollar against other currencies."
Soybeans have also been curbed by favourable US growing weather along with uncertainty over the outcome of trade talks between Washington and Beijing.
The USDA rated 75 percent of the US soybean crop as good to excellent in its initial rating of the crop, boosting expectations for a big 2018 harvest.
News of an offer by China to import an extra $70 billion of American goods over a year raised hopes of progress in the trade talks that could help preserve massive flows of US soybeans to China, the world's biggest importer of the oilseed.
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