What jumped 4.7 percent as dry weather in the U.S strengthened prospects of reduced yields.

Wheat futures for May delivery rose 47.5 cents to $10.675 a bushel on the Chicago Board of Trade as parts of Kansas, Oklahoma and West Texas have not had rain for two weeks. Some areas are in a moderate drought, according to the U.S. Drought Monitor.

A storm last week that dropped heavy rain in the southeastern parts of Oklahoma and northern Texas missed the driest counties in the western parts of the states, according to a U.S. Department of Agriculture report.

World inventories were projected to fall to 110.4 million metric tons in the year ending May 31, the lowest since 1978, the USDA said on March 11. U.S. supplies may decline to 6.6 million tons, down 47 percent from a year earlier, the USDA said.