CBOT wheat futures rise

Chicago Board of Trade soft red winter wheat futures rose for the third time in four sessions on Tuesday, with a round of short-covering underpinning prices, traders said. A falling dollar, which makes US wheat relatively less expensive to overseas buyers, added support.
But ample global supplies limited the gains and the benchmark CBOT December soft red winter wheat contract failed to hold support above its 20-day moving average. MGEX spring wheat weakened for the third day in a row, with traders continuing to lock in profits after the front-month contract hit a 2-1/2 month high last week. K.C. hard red winter wheat futures were mixed, with the front-month December contract edging higher while deferred contracts weakened.