US wheat rises as China cuts crop forecast

Chicago wheat on Friday extended gains from the previous session, after China's official think-tank revised down the nation's winter crop estimates, raising the prospect of higher imports by the world's biggest producer and consumer of the grain.

Soybeans rose almost 1 percent, snapping a two-session losing streak amid broad strength in financial markets following plans by central banks to stabilize markets if a weekend election in Greece unleashes turmoil.