Wheat futures on the CBOT rose nearly 1% due to bargain buying after a sharp fall. Wheat futures fell 1% after a report released by International Grains Council pegged global wheat production in 2017-18 at a record high of 757.4 mln tn. The estimate is also higher than 748.9 mln tn projected in November and also higher than the record 754.5 mln tn harvested in 2016-17.