Money managers reduced their net short position in CBOT wheat futures and options by over 20,000 contracts to 90,442 in the week ending February 4, according to the Reuters report.

A drop in the dollar lent underlying support, making US grains cheaper overseas. CBOT May corn settled 5-1/4 cents higher at $4.69-1/4 per bushel. May soybeans ended down 2-1/4 cents at $10.25 a ...