CBOT wheat closes lower for fifth straight day

Both CBOT soft red winter wheat and K.C. hard red winter wheat offerings hit contract lows for the second day in a row.

MGEX spring wheat was steady to firm, with short-covering underpinning prices.

For the week, CBOT wheat fell 4.6 percent, K.C. wheat fell 4.2 percent and MGEX spring wheat dropped 1.9 percent.