CHICAGO, July 5 (Xinhua) -- Chicago Board of Trade (CBOT) wheat surged almost three percent on Thursday over declining crop estimates.

The corn contract for December delivery rose 0.25 cent, or 0.07 percent to settle at 3.645 dollars per bushel. September wheat went up 14.5 cents, or 2.95 percent to close at 5.055 dollars per bushel. November soybeans were down 8.5 cents, or 0.98 percent to settle at 8.5575 dollars per bushel.

Concerns that wheat production will shrink in France and Black Sea area due to adverse weather conditions have triggered sharp rises in the past two sessions. Following a more than two-percent fall on Tuesday, CBOT wheat futures suffered another sharp loss during the first session after the U.S. Independence Day holiday.

Meanwhile, soybeans futures continued the downtrend as investors were closely watching trade between the United States and China.

CBOT corn prices almost unchanged on Thursday. Enditem