Wheat futures on the Chicago Board of Trade closed modestly higher on Monday on technical buying and a setback in the US dollar from the 13-year highs set last week, traders said. CBOT December wheat settled up 2-1/4 cents at $4.10-1/4 per bushel.
K.C. December hard red winter wheat settled a penny higher at $4.32 a bushel while MGEX December spring wheat ended down 2-1/2 cents at 26-3/4 a bushel.
The dollar index eased against a basket of major currencies, pausing after a 10-day streak that saw it gaining nearly 5 percent. A softer dollar tends to make US grains more attractive to those holding other currencies.
Concern about a drop in US wheat plantings and dry weather in the southern Plains added background support.
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