Investing.com - U.S. wheat futures rose for the first time in four sessions on Monday, amid growing concerns about damage to crops from frigid weather conditions in the U.S. Midwest and Great Plains-region.
On the Chicago Mercantile Exchange, US wheat for March delivery jumped 7.78 cents, or 1.34%, to trade at $5.8938 a bushel during U.S. morning hours.
US wheat for March delivery slumped 8.4 cents, or 1.44%, on Friday to settle at $5.8120 a bushel, after hitting a daily low of $5.7460, the weakest level since December 11.
The March wheat contract lost 28.0 cents, or 4.62%, last week, as ample global supplies weighed.
Meanwhile, US soybeans for March delivery tacked on 7.72 cents, or 0.77%, to trade at $10.1513 a bushel.
US soybeans for March delivery hit a session low of $10.0700 on Friday, the weakest level since December 5, before settling at $10.0740, down 16.0 cents, or 1.56%.
The March soybean contract tumbled 46.1 cents, or 3.82%, last week, the biggest weekly loss in three months, amid indications of bumper crops in the U.S. and South America.
Elsewhere on the Chicago Board of Trade, US corn for March delivery traded at $3.9913 a bushel, up 2.73 cents, or 0.69%.
US corn for March delivery fell to $3.9140 a bushel on Friday, a level not seen since December 10, before settling at $3.9560, down 1.2 cents, or 0.31%.
The March corn contract declined 19.0 cents, or 4.46%, on the week, the largest weekly drop since July.
Corn is the biggest U.S. crop, followed by soybeans, government figures show. Wheat was fourth, behind hay.
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Wheat futures rally amid frigid U.S. weather conditions
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