CBOT wheat up on short covering post recent fall.

Futures contracts of wheat on the CBOT rose as investors covered their short positions after prices fell over 4% in the last six trading days. Prices of wheat had declined as planting in the key growing regions in the US is almost complete and the harvest is expected to add to the existing glut in the global market. December contract of wheat on the CBOT was at $4.2025 per bushel (1 bushel = 27.2 kg), up 0.5% from the previous close.