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Chicago Board of Trade wheat futures closed higher on Wednesday in rangebound trade, supported by technical buying and short-covering amid a lack of market-moving news, traders said.
CBOT March soft red winter wheat futures settled up 4-3/4 cents at $5.62 per bushel but stayed inside of Tuesday's trading range.
K.C. March hard red winter wheat futures ended up 6-1/2 cents at $4.73-3/4 a bushel and MGEX March spring wheat futures rose 3-1/2 cents to end at $5.35-1/4.
Statistics Canada reported total Canadian wheat stocks as of Dec. 31 at 24.982 million tonnes, down from 25.109 million a year earlier.