CHICAGO: Chicago Board of Trade wheat futures closed higher on Tuesday on technical buying including short-covering after contract lows set last week, and spillover strength from soybeans and corn, traders said.
CBOT December wheat settled up 4-1/4 cents at $4.43 per bushel after reaching $4.46-3/4, its highest level since Aug. 17.
K.C. December hard red winter wheat ended up 6-1/4 cents at $4.45 a bushel while MGEX December spring wheat fell 2-3/4 cents at $6.29.
Additional support stemmed from fears that US wheat plantings for 2018 could fall from a year earlier.
MGEX spring wheat pressured by reports of better-than-expected yields as the harvest continues in the northern US Plains and Canadian Prairies.
Rallies limited by ample global wheat supplies.
Analyst UkrAgroConsult raised its forecast of Ukraine's 2017/18 wheat crop to 26 million tonnes from 25 million previously.
The CBOT reported no deliveries against CBOT September wheat futures and 196 K.C. wheat deliveries. The MGEX reported 18 September spring wheat deliveries.
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