Soft red winter wheat futures on the Chicago Board of Trade closed mixed on Friday, with the spot December contract losing to back months and to K.C. hard red winter wheat futures on spreads, traders said. CBOT wheat lost ground one day after trading at its biggest premium to K.C. wheat in eight years. K.C. hard red winter and MGEX spring wheat futures both closed higher on the day.
Wheat and most other commodities were pressured by a surge in the dollar, which makes US grains less attractive to those holding other currencies. The dollar hit a seven-month high on expectations of a US interest rate hike before the end of the year, after data showed strong job growth for October.
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