The US Agriculture Department (USDA) on Friday morning said that weekly export sales of wheat totaled 365,100 tonnes, in line with trade estimates that ranged from 175,000 to 600,000 tonnes.
MGEX spring wheat leading CBOT soft red winter wheat and K.C. hard red winter wheat contracts higher, with dry conditions in northern US Plains fueling the gains.
CBOT July soft red winter wheat was last 5-1/4 cents lower at $6.51-1/4 per bushel. K.C. July hard red winter wheat was last down 3-1/4 cents at $6.01-1/4 per bushel. MGEX July spring wheat was last 1-1/4 cents lower at $6.81-1/2 per bushel.
Wheat slid again overnight, poised for a fifth consecutive session of losses as a strong winter wheat outlook pressures the market and beneficial rains aid in crop development.
The CBOT's most-active wheat contract dipped below its 50-day moving average overnight.
Wheat futures rising on bargain buying after most-active contract fell 2.3% on Monday, its biggest daily percentage drop since March 30. Strength in corn market underpins wheat.
The US Agriculture Department said that the US winter wheat crop was rated 48% good to excellent as of May 2, down 1 percentage point from a week ago.
The US Agriculture Department reported totaled wheat export sales for the week ended April 22 at 461,300 tonnes. Analysts' forecasts ranged from 200,000 to 750,000 tonnes.
Corn export sales totaled 1.075 million tonnes in the week ended April 22, USDA said. That was in line with analysts' forecasts that ranged from 500,000 tonnes to 1.6 million tonnes.
Romania, has been among the largest grain sellers in the European Union, and along with France and Russia is an active exporter of cereals to Middle East, with Egypt the main buyer.
That could help potentially create a surplus of about 5.5 to 7.0 million tonnes for exports, as Romania's domestic consumption traditionally ranges about 2.5 to 3 million tonnes.