CHICAGO: Chicago Board of Trade wheat futures edged higher on Monday on follow-through buying after a 3.7 percent rally on Friday, supported by improving US export prospects, traders said.
* CBOT December soft red winter wheat closed up 2 cents at $5.07-1/4 a bushel.
* K.C. December hard red winter wheat settled up 1-1/4 cents at $5.01-1/2 a bushel and MGEX December spring wheat closed 1/4 cent lower at $5.77-1/2 a bushel.
* US wheat prices have fallen to levels that are making it more competitive in the export marketplace. Egypt's state importer GASC on Friday bought US wheat for the first time in more than a year.
* But Russian wheat export prices fell last week due to intensified competition with US wheat for supplies to Egypt, analysts said on Monday.
* Analysts polled by Reuters projected US winter wheat planting to be 82 percent complete as of Sunday, up from 72 percent a week earlier. The US Department of Agriculture is due to report harvest progress at 3 p.m. CDT (2000 GMT)
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