CHICAGO: Chicago Board of Trade wheat futures fell on Tuesday, pressured by a higher-than-expected crop condition rating in a weekly US Agriculture Department report and a firmer US dollar, traders said.
CBOT December wheat settled down 3-1/2 cents at $4.27-1/4 per bushel.
K.C. December hard red winter wheat ended down 3-1/2 cents at $4.26-1/2 a bushel while MGEX December spring wheat rose 3-3/4 cents to $6.34-3/4.
The USDA late Monday rated 55 percent of the US winter wheat crop in good to excellent condition, up from 52 percent the previous week.
The USDA also said the crop was 91 percent planted, in line with the five-year average.
The dollar climbed to near a 3-1/2-month high against a basket of currencies. A stronger greenback can impede exports as it raises the cost of US wheat for those holding.
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