CANBERRA- Chicago wheat futures rose on Tuesday, after data showed that the US winter wheat crop was off to its second-worst start since records began in 1986 and traders braced for the outcome of the US presidential election.
Corn and soybean futures also gained amid improved US export demand.
The most-active wheat contract on the Chicago Board of Trade was up 0.2 percent at $5.69-3/4 a bushel while CBOT soybeans rose 0.4 percent to $10.01 a bushel and corn climbed 0.1 percent to $4.16-3/4 a bushel.
All three contracts hit four-year lows in recent months but have regained some ground.
The US Department of Agriculture said 41 percent of the recently seeded US wheat crop was in good-to-excellent condition as of Sunday.
Dry conditions complicated planting in the United States and have also threatened crops in Australia, Argentina and the Black Sea region.
Recent rain and forecasts for more wet weather have eased concerns in the US and Argentina but other areas remain dry.
