On the Chicago Stock Exchange on Monday, June 3, wheat futures recovered due to prolonged and crop-hazardous heavy rains in parts of the US grain belt and drought in the Black Sea region; corn basically has not changed.
After historical delays in sowing crops caused by a week of heavy rains and ahead of the US government's weekly crop planting report, soybeans have risen in price.
The most active wheat contract on the Chicago Board of Trade rose 1% to $ 5.08 a bushel as of 0401 GMT, closing 2.2% above Friday's value.
Corn remained unchanged at $ 4.27 per bushel, closing 2.1% higher than in the previous session. Soybeans rose 0.7% to $ 8.83 a bushel, losing 1.3% since Friday.
Wheat gained support as heavy rains in the Midwest fueled concerns about crop damage in the US, while corn also grew because of concerns about delayed planting.
Large speculators on futures and options on corn at the Chicago Board of Trade (CBOT) changed their position from a net short position to a long one.
