CHICAGO: Chicago Board of Trade wheat futures closed mixed in rangebound trade on Friday with the front December contract gaining against back months on bull-spreading and short-covering, traders said.
* CBOT December soft red winter wheat settled up 1-1/4 cents at $5.06-3/4 per bushel. For the week, the contract rose 4-3/4 cents a bushel or 0.9 percent.
* K.C. December hard red winter wheat on Friday ended up 2-3/4 cents at $4.82-3/4 a bushel. For the week, the contract fell 4-3/4 cents or 1 percent.
* MGEX December spring wheat closed Friday down 3-1/2 cents at $5.71-1/4. For the week, the contract fell 2 cents a bushel or 0.35 percent.
* The US Department of Agriculture reported export sales of US wheat in the latest week at 438,300 tonnes, in line with trade expectations for 400,000 to 650,000 tonnes.
* Initial conditions for newly sown French soft wheat are at their worst in six years, data from farming agency FranceAgriMer showed, as the European Union's biggest grain producer continued to feel the effects of this year's drought.
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