Chicago Board of Trade wheat futures fell on Friday on plentiful domestic and global old-crop supplies and a firm dollar, which tends to make US grains less competitive on the world market, traders said.
CBOT March wheat settled down 6-1/2 cents at $4.20-1/2 per bushel. For the week, the contract fell 7-3/4 cents or 1.8 percent.
K.C. March hard red winter wheat ended down 6 cents on Friday at $4.34-1/4 a bushel and MGEX March spring wheat fell 6-3/4 cents at $5.60.
Prices underpinned by worries on cold weather in Russia, but there was no threat of winterkill in the US Plains or Midwest. A cold spell expected in parts of Russia's southern regions of Rostov and Krasnodar between January 27 and February 4 poses risks to winter wheat sowings, Russia's IKAR agriculture consultancy said.