CHICAGO: Chicago Board of Trade wheat futures closed lower on Wednesday for a second straight session, pressured by a surprise improvement in US winter wheat condition ratings and sluggish export demand, traders said.
* CBOT December soft red winter wheat settled down 4-3/4 cents at $5.03 per bushel.
* K.C. December hard red winter wheat ended down 5-1/2 cents at $4.81 a bushel after dipping to $4.80-1/4, its lowest since December 2017.
* MGEX December spring wheat fell 2-1/4 cents at $5.76.
* The USDA late on Tuesday rated 54 percent of the US winter wheat crop in good to excellent condition, up from 51 percent the previous week. Analysts on average had expected no change.
* The USDA said the crop was 89 percent planted, lagging the five-year average of 94 percent.
* Iraq, a major Middle Eastern grain buyer traditionally reliant on US imports, will send a delegation to Russia in December to discuss the possibility of importing wheat, its new trade minister said.
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