Tuesday's USDA reports are still active in the minds of traders, boosting wheat futures on projections that appear to show a tighter supply/demand picture globally. A shortfall in U.S. winter wheat combined with heat issues in France and potential issues with the Russian crop have created a scenario that could push prices higher. However, analysts caution that yesterday's reports alone are not enough to support a full-fledged rally. "Traders still need a stronger bullish fundamental story for a sustained rebound, especially with weather forecasts supporting strong yield potential," says Joe Davis of Futures International in note. Most-active wheat is up 1.8%, right at the $6 a bushel mark, while corn rises 1.1% and soybeans advance 0.4%. (kirk.maltais@wsj.com)