* Wheat up 0.6 pct after closing 1.2 pct down on Monday * Lack of demand for U.S. supplies limits gains in wheat (Adds details, quote) By Naveen Thukral SINGAPORE, March 19 (Reuters) - Chicago wheat futures rose on Tuesday, gaining for three out of four sessions on support from short-covering, although lacklustre demand for U.S. supplies kept a lid on the market. Corn firmed, recouping some of last session's decline, while soybeans were little changed after closing lower on Monday. The most-active wheat contract on the Chicago Board Of Trade was up 0.6 percent at $4.59-1/4 a bushel by 0255 GMT. Wheat closed about 1 percent lower on Monday after hitting a high of $4.64 a bushel - the highest since March 6. Corn added 0.1 percent to $3.72 a bushel and soybeans were up 0.03 percent at $9.06 a bushel. "It is short covering in wheat," said Ole Houe, director of advisory services at brokerage IKON Commodities in Sydney. "We continue to see solid tender demand globally, even though not quite reflected in the weekly U.S. sales just yet." The U.S. Department of Agriculture reported weekly export inspections of U.S. wheat at 353,727 tonnes, below a range of trade expectations for 400,000 to 700,000 tonnes. The USDA reported export inspections of U.S. corn in the latest week at 795,241 tonnes, down from an adjusted figure of 803,351 tonnes the previous week. Wet weather and flooding in northwestern parts of the Midwest Corn Belt and the Mississippi River Delta threaten to delay corn planting and encourage farmers to switch some acres to soybeans, which can be seeded later in the season. Brazilian soybean exports are expected to fall almost 20 percent this year from a record above 80 million tonnes in 2018, but official trade data released on Monday shows strong outflows of beans to foreign destinations, at least for now. The Safras & Mercado consultancy on Monday forecast that total soybean exports from the world's leading seller would reach 70 million tonnes compared with 83.86 million tonnes in 2018. Grains prices at 0255 GMT Contract Last Change Pct chg Two-day chg MA 30 RSI CBOT wheat 459.25 2.50 +0.55% -0.65% 479.82 13 CBOT corn 372.00 0.50 +0.13% -0.33% 376.67 33 CBOT soy 906.00 0.25 +0.03% -0.36% 914.48 39 CBOT rice 10.74 $0.02 +0.19% +0.09% $10.56 60 WTI crude 59.09 $0.00 +0.00% +0.97% $56.00 Currencies Euro/dlr $1.134 $0.000 +0.04% +0.13% USD/AUD 0.7102 0.000 +0.00% +0.21% Most active contracts Wheat, corn and soy US cents/bushel. Rice: USD per hundredweight RSI 14, exponential (Reporting by Naveen Thukral; editing by Richard Pullin)
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