Benchmark CBOT March soft red winter wheat contract encountered chart resistance at its 20 and 50 day moving averages during overnight trading session.
CBOT March wheat traded 3 cents higher at $5.14 per bushel. K.C. March hard red winter wheat was up 2-1/2 cents at $4.98 a bushel and MGEX March spring wheat rose 1-1/2 cents to $5.63-1/2.
CBOT Corn: Up 2 to 4 cents per bushel. Bargain buying lifts corn after prior session drop to six-week lows. The benchmark March contract posted its steepest drop in three months on Tuesday.
Concerns about lower yields in parts of South America due to adverse weather underpinned the market.
CBOT March corn traded up 2-1/4 cents at $3.73-1/2 per bushel. Soyabeans: Up 3 to 6 cents per bushel Soyabeans rebound from two-week lows in technical and bargain-buying bounce.