CBOT wheat ends higher on rising global cash prices

• CBOT wheat gained against K.C. hard red winter and Minneapolis Grain Exchange spring wheat futures on inter-market spreading.
• Rains in Argentina have not been strong enough to help wheat fields after weeks of dryness, the Buenos Aires Grains Exchange.

CHICAGO: Chicago Board of Trade wheat futures closed higher on Friday on expectations of rising global cash prices, traders said.

* CBOT December soft red winter wheat settled up 6-3/4 cents at $5.32-1/4 per bushel after reaching $5.32-3/4, its highest since July 15.

* For the week, the contract rose 24-1/4 cents a bushel or 4.8%, its seventh straight weekly advance.

* CBOT wheat gained against K.C. hard red winter and Minneapolis Grain Exchange spring wheat futures on inter-market spreading.

* K.C. December hard red winter wheat closed Friday up 2-1/2 cents at $4.33-3/4 while MGEX December spring wheat fell 7-1/2 cents to settle at $5.44-1/2.

* MGEX spring wheat pressured in part by forecasts for improving harvest weather in Canada's wheat belt.

* Rains in Argentina have not been strong enough to help wheat fields after weeks of dryness, the Buenos Aires Grains Exchange said on Thursday.

* The US Department of Agriculture reported export sales of US wheat in the week to Oct. 10 at 395,100 tonnes, in line with trade expectations for 250,000 to 550,000 tonnes.