CHICAGO: Chicago Board of Trade wheat futures rose 1.9 percent on Wednesday on a wave of technical buying ahead of the US Agriculture Department's annual Outlook conference, traders said.
* CBOT wheat prices found strength after falling to the 50-day moving average early in the session and accelerated as prices rallied past key resistance points at the 30-day and 100-day moving averages.
* The strength in the benchmark CBOT market spilled over to MGEX spring wheat, which eked out a small gain despite forecasts for improved crop weather in key growing areas of the United States.
* Significant snowfall is expected by the weekend in the dry areas of the US spring wheat belt, which will provide a much-needed boost to soil moisture levels ahead of spring planting, said Don Keeney, meteorologist for MDA EarthSat Weather.
* Russia will maintain wheat export volumes of around 22 million tonnes in 2012/13, Russian industry and government officials said.
* Ukraine's government said it had not urged grain traders to limit wheat exports and forecast that there would be no shortages of grain on the domestic market.
* Tunisia's state grains agency issued an international tender to buy 50,000 tonnes of optional-origin soft wheat for shipment in April, European traders said.
* Bangladesh tendered to import 50,000 tonnes of wheat to boost reserves, a procurement official said.
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