U.S. soybeans rose 1 percent on Friday, extending a rebound from 3-1/2 month lows earlier this week, as strong export demand offset supply pressure linked to favorable harvest prospects. Wheat and corn edged higher as the cereal markets consolidated after touching 10-year and near two-year lows respectively this week against a backdrop of ample supplies.
Crop futures also drew some support from a weaker dollar index, as investors positioned before monthly U.S. jobs figures at 1230 GMT that could influence the timing of U.S. interest rate rises.
The most active soybean futures on the Chicago Board Of Trade rose 1.15 percent to $9.67-3/4 a bushel by 1118 GMT, after closing slightly higher on Thursday.
"The export demand, particularly from China, is looking good then we are seeing some upside," said Phin Ziebell, agribusiness economist at National Australia Bank.
Exporters sold a total of about 1.67 million tonnes of U.S. soybeans last week, the U.S. Department of Agriculture said, the largest for a single week in 7-1/2 months.
In addition, the USDA confirmed private sales of 252,000 tonnes of new-crop U.S. soybeans to China, the seventh straight daily announcement of sales totalling more than 100,000 tonnes in a single day.
The most active wheat contract rose 0.9 percent to $4.07 a bushel after shedding 1.7 percent in the previous session.
Weekly U.S. wheat exports sales for the current year fell below trade expectations, keeping the focus on a well supplied world market.
Large inventories and bumper harvests in U.S. and Black Sea wheat belts are set to keep global supplies high, outweighing a poor harvest in France, where the farm ministry on Friday estimated weather-hit yields would fall to a 30-year low.
CBOT corn rose 0.3 percent to $3.32 a bushel after closing down 1.2 percent on Thursday.
Corn has been under pressure from favorable weather forecasts for the U.S. Midwest, boosting expectations of a massive harvest later this year.
Commodity brokerage Linn & Associates on Wednesday projected U.S. 2016 corn production at 14.775 billion bushels and soybean production at 4.073 billion bushels, both record highs.
(Editing by Michael Perry and Susan Thomas)