Hard red winter wheat futures at the Kansas City Board of Trade ended higher on Monday as a rally in soyabean futures provided spillover support. The benchmark KCBT March closed up 6-1/2 cents at $5.34 after ranging as high as $5.39-1/4 on the day.
A weaker dollar, and stronger soyabean futures fed by fund buying expectations offered support. Exports remained lackluster as USDA reported export inspections of US wheat in the latest week at 13.035 million bushels, below trade estimates for 14 million to 17 million. Ukraine wheat exports fell to 140,290 tonnes December 1-6. Crop weather this week in the US winter wheat growing area was mostly favourable. There were no deliveries posted against the expiring December contract.
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