(Updates with U.S. trading, adds new analyst comment, changes
byline/dateline; previously PARIS/SINGAPORE)
CHICAGO, Sept 25 (Reuters) - Chicago Board of Trade corn and
soybean futures rose on Friday, bouncing back from four straight
days of declines on a mild round of bargain buying, traders
But wheat futures weakened, weighed down by a firm dollar,
which makes U.S. supplies more expensive to overseas buyers.
Soybeans have fallen 4.8% this week, on track for
their biggest weekly decline since mid-March, while corn's
weekly loss of 3.2% was set to be its biggest since early April.
The declines caused some investors to square positions ahead
of the weekend although the gains were muted by expectations of
a pick-up in the harvest pace in the coming days.
"You are seeing a little bit of evening up," said Jim
Gerlach, president of A/C Trading. "I'll be surprised if they
can keep it up because it is going to be a big harvest weekend."
At 10:49 a.m. CDT (1549 GMT), Chicago Board of Trade
November soybean futures were up 6 cents at $10.06 a
"The contract seems to be consolidating a bit, but it will
have to be watched closely to see if it can hold the symbolic
$10 level," a European trader said.
CBOT December corn was 3 cents higher at $3.66-1/2 a
CBOT December wheat was off 4-1/4 cents at $5.45-1/2 a
bushel. Wheat has fallen 5.1% this week.
The dollar extended its gains on Friday and was on track for
its biggest weekly gain since early April, as investors sought
safety amid a slowing economic recovery, rising coronavirus
infections in Europe and uncertainty surrounding the upcoming
Wheat markets had rallied with support from purchases by
importing countries and a surge in Russian export prices, but
forecasts calling for rain in parched wheat belts in Ukraine and
Argentina in the coming days helped curb the upward trend.
(Additional reporting by Gus Trompiz in Paris and Naveen
Thukral in Singapore; Editing by Mark Potter and Steve Orlofsky)