Chicago wheat futures rose 1 percent as investors looked for bargains following deep losses in the previous session, although a lack of demand for U.S. shipments is expected to keep a lid on the market. The Chicago Board of Trade most-active wheat contract had risen 1 percent to $4.85-1/4 a bushel. There is limited downside risk to wheat prices when you look at the supply situation. But the focus seems to be demand, U.S. exports are not doing very well.