* Chicago Board of Trade soft red winter wheat traded higher for much of the day as bargain buyers stepped into the market with prices at six-month lows.

* But the dollar limited the gains throughout the session and profit taking hit the market near the close.

* MGEX spring wheat closed firm despite the weakness in CBOT and Kansas City Board of Trade wheat. Concerns about supplies of high-protein wheat have supported MGEX prices.

* Analysts were expecting a weekly US Agriculture Department report on Friday morning to show export sales of wheat in a range of 350,000 to 550,000 tonnes, compared with 1.009 million tonnes a week ago.

* Snowfall in parts of the US Plains last week did little to ease the historic drought gripping the region, weather experts said.

* Egypt, the world's top wheat buyer, has enough supplies to last until June 17. The country's General Authority for Supply Commodities cut its annual wheat import target by about 1 million tonnes.

Center>Copyright Reuters, 2013