Wheat prices rise as signs show renewed interest from major importing countries.

After experiencing several weeks of low interest, the demand from some of the world's top buyers is reigniting and boosting wheat futures prices. Wheat futures traded in Chicago rose 1.8% on Tuesday, marking the second consecutive day of gains. In the past five weeks, prices have fallen in four weeks. Hightower Report analysts wrote, "Recent price weakness has sparked a new wave of market interest. Technical factors and extreme bearish positions held by funds are favorable for the bullish camp in the short term." Algeria may have purchased 660,000 tons of flour wheat, and Saudi Arabia recently placed a similar order.