CBOT wheat closes up 2.4% on short-covering.

U.S. wheat futures rallied on a short-covering bounce on Monday, with some export deals adding support. Morocco tendered for 30,000 tonnes of U.S. soft wheat and 327,273 tonnes of U.S. durum wheat, which also lent support to wheat prices. Iraq’s state grains board bought 50,000 tonnes of hard wheat to be sourced from the United States in a tender which closed last week.