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GRAINS-Wheat rises for fifth session, lingers near 5-year high

SYDNEY, Oct 8 (Reuters) - U.S. wheat futures rose for a fifth straight session on Thursday, lingering near the more than five-year high hit in the previous session, as adverse weather stoked concerns about lower-than-expected global supplies.

FUNDAMENTALS

* The most-active wheat futures on the Chicago Board of Trade were up 0.2% at $6.08-1/2 a bushel, having closed up 2.5% on Wednesday when prices hit a July 1, 2015 high of $6.12 a bushel.

* Soybean futures were up 0.1% at $10.52-1/4 a bushel, having firmed 0.7% on Wednesday when prices hit $10.59-3/4 a bushel — the highest since April 30, 2018.

* Corn futures were up 0.2% at $3.89-1/2 a bushel, having gained 1% in the previous session.

* Dryness has raised concerns among traders about the prospects for wheat planting in the U.S. Plains and the Black Sea region and for soybean planting in Brazil.

* U.S. agricultural exports to China hit $2.15 billion in August, the most ever for the month, led by strong soybean exports.

MARKET NEWS

* The safe-haven dollar and yen nursed losses after the revival of hopes for some U.S. spending improved investor sentiment and appetite for riskier currencies.

* Asian shares were set to track Wall Street gains on Thursday, as renewed hopes for more U.S. stimulus helped restore investor confidence in the New York session. (Reporting by Colin Packham; editing by Uttaresh.V)

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