Por Christopher Walljasper
CHICAGO, US, Sep 14 (Reuters) – Chicago wheat futures rose Tuesday on concerns about global supply when demand is strong, while a weak US dollar favored US exports.
* Corn rose after the United States Department of Agriculture (USDA) reported a weekly decline in crop conditions.
* Soybeans were trading stable, supported by export expectations and despite the pressure of the harvest.
* The most active wheat contract on the Chicago Stock Exchange (CBOT) was up 12.75 cents to $ 6.9975 a bushel at 1604 GMT, its first gain in six sessions.
* Corn was up 6 cents at $ 5.1925 a bushel and soybeans were up 3 cents at $ 12.8775 a bushel.
* France on Tuesday cut its estimate for soft wheat production by more than 600,000 tonnes to 36.06 million tonnes, due to humid summer weather.
* Drought conditions in Canada hurt the wheat crop even more than it seemed weeks ago, according to a Statistics Canada report that estimated spring wheat production at 15.3 million tonnes, 41% less than in the past. last year.
* The situation coincides with a time of strong global demand for wheat, which has included several important international tenders in the last week.