U.S. wheat futures on Thursday eased from a near three-month high touched in the previous session, as traders locked in profits, though reports that China stepped up purchases of U.S. supplies limited losses, reports Reuters.
Corn rose nearly 1%, while soybeans climbed nearly 0.5% on the back of strong Chinese demand.
Traders said unconfirmed reports of Chinese purchases were driving the gains.
Private buyers booked at least five cargoes of U.S. soybeans on Wednesday, or at least 300,000 tonnes, for shipment mostly in October and November from Gulf Coast and Pacific Northwest ports, two U.S. export traders with knowledge of the deals told Reuters.
