SINGAPORE- Chicago wheat futures gained more ground on Monday, with prices supported by dry weather curbing production prospects in Europe and other exporting countries.

Soybeans rose for the first time in three sessions, underpinned by dry weather delaying planting in the world’s biggest exporter Brazil, while corn edged higher.

“There are some issues emerging which could impact wheat supplies going forward,” a Singapore-based trader said. “But for now there is plenty of wheat coming from the Black Sea region and it is cheap.”

The most-active wheat contract on the Chicago Board of Trade (CBOT) added 0.8 percent  to $5.73-1/4 a bushel. Soybeans gained 0.7 percent  to $10.18-3/4 a bushel and corn rose 0.6 percent  to $4.04 a bushel.

Ample global supplies wheat and other grains have weighed prices. But grain trade association Coceral on Friday cut its estimate for this year’s grain crop in the European Union and Britain to 280.3 million metric tons from 296 million tons projected in June and down nearly 5 percent  on 2023 following adverse weather throughout the region.