CHICAGO: US wheat futures closed mixed on Tuesday, with Minneapolis Grain Exchange spring wheat futures rising on worries about scarce supplies of top-quality milling wheat, analysts said.
MGEX December spring wheat settled up 6 cents at $5.22-1/4 per bushel after setting a six-week top at $5.25-3/4.
Chicago Board of Trade December wheat ended unchanged at $3.95-1/2 per bushel, erasing gains toward the closing bell on technical selling.
K.C. December hard red winter wheat settled down 4 cents at $4.03 per bushel.
CBOT and K.C. markets remain under pressure after the US Department of Agriculture's September quarterly stocks report, released Friday, showed larger-than-expected domestic stockpiles and implied smaller-than-expected use of wheat as livestock feed.
After the CBOT close, Egypt's General Authority for Supply Commodities said it bought 240,000 tonnes of Russian wheat at a tender.
The US Department of Agriculture said the US winter wheat crop was 43 percent planted by Sunday, behind the five-year average of 45 percent.
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