* Wheat jumped 2.4% to its highest level since Feb. 9 on U.S. weather concerns
* Soybean futures receive more land, corn benefits after closure lower (Add quota in paragraph 3, CFTC details and position)
SINGAPORE, Feb. 16 (Reuters) – Chicago wheat times rose to a one-week high Tuesday, gaining more than 2%, as frigid temperatures in key U.S. growth areas raised concerns about global supply.
Soybeans rose for the third consecutive session while corn was kicking back.
“There are concerns about winter grain killings in the U.S.,” said Ole Houe, director of advisory services at IKON Commodities ’agricultural bankruptcy. “We think it’s too early to worry but that’s what’s driving prices higher today. ”
The most active wheat contract on the Chicago Board of Trade rose 2.3% at $ 6.51-1 / 2 per bushel, as of 0328 GMT, after hitting a record high of Feb. 9 at $ 6.57 a bushel per earlier in the session.
Soybeans gained 1.2% at $ 13.88-3 / 4 per bushel and corn added 1.4% to $ 5.46 per bushel.
The Commodity Weather Group last week estimated that 10% of U.S. soft wheat crops and 15% of durum wheat crops were at risk from damage from winter frosts caused by freezing temperatures.
Offering more support for agricultural products, global sectors were looking to extend their bull run to a consecutive 12th session after hopes of an economic recovery.
The U.S. Department of Agriculture said Friday that private exporters reported the sale of 195,338 tons of corn to Costa Rica and 115,577 tons of corn to Guatemala.
Major speculators raised their long net positions in the Chicago Board of Trade corn futures in the week ending Feb. 9, regulatory data released Friday showed.
The Futures Trading Commission’s weekly pledges report also showed that non-commercial traders, a sector that includes hedge funds, increased their net short position in CBOT wheat and raised their long net position in the soy beans. (Reporting by Naveen Thukral; Editing by Devika Syamnath and Sherry Jacob-Phillips)