CHICAGO, Feb. 28 (Xinhua) -- Chicago Board of Trade (CBOT) futures were trading higher on Wednesday morning with wheat prices reaching new highs over weather concerns.
As of 1549 GMT, May corn was up 5 cents at 3.8425 U.S. dollars per bushel while May wheat was up 20.75 cents at 4.9775 dollars and May soybeans up 5.5 cents at 10.55 dollars per bushel.
Weather forecasts have said that U.S. wheat growing areas are poised for more dry weather, which will further affect the winter wheat crops there.
The latest U.S. Department of Agriculture data have confirmed continued damage from the dryness, with only 12 percent of Kansas' wheat crop being rated in "good" or "excellent" condition.
The state of Kansas is the top wheat grower in the U.S. The deepening dryness is pushing the CBOT wheat futures to new highs since July 2017.