CANBERRA- Chicago wheat futures climbed on Monday, supported by a weaker US dollar and expectations of lower supply from top exporter Russia.
Corn and soybean futures also gained amid solid US export sales.
The most-active wheat contract on the Chicago Board of Trade was up 0.8 percent at $5.72-3/4 a bushel.
CBOT soybeans rose 0.9 percent to $10.03 a bushel and corn climbed 0.7 percent to $4.17-1/2 a bushel.
All three contracts had fallen to four-year lows in recent months but have regained some ground on supply threats.
The dollar, which strengthened sharply in October, has weakened in recent days, making dollar-priced US crops more attractive to buyers with other currencies.
Russian wheat exports are set to decline in November from record highs seen last month amid new export restrictions and reduced demand, analysts said.
Russia has also, along with other major wheat exporters such as Argentina, Australia and – until recently – the United States, been hit by dry conditions in major growing areas.
