CHICAGO: US wheat futures rose on Wednesday, following corn prices higher after starting the trading day in negative territory, traders said.
The benchmark Chicago Board of Trade May soft red winter wheat contract found support after dropping below its 40-day moving average.
MGEX spring wheat and KC hard red winter wheat also turned higher falling early in the trading day.
Analysts were expecting a US Agriculture Department report on Thursday morning to show that old-crop export sales of wheat were in a range from 200,000 to 400,000 tonnes. New-crop export sales were forecast between 250,000 to 500,000 tonnes.
Japan's Ministry of Agriculture bought 108,789 tonnes of food quality wheat from the Untied States, Canada and Australia in a regular tender.
Japan also said it would import 29,550 tonnes of feed-quality wheat after seeking as much as 120,000 tonnes in a tender.
Forecasts for rain in some areas of the US Plains limited the gains in wheat but the coverage was expected to be spotty, with the driest areas in the southwestern stretches of the hard red winter wheat belt expected to miss most of the showers.
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