Mumbai, 27 Feb (Commoditiescontrol): Chicago Board of Trade (CBOT) wheat futures finished stronger with corn and soybeans on Monday as agricultural markets rebounded from early losses, including contract lows in K.C. and MGEX wheat, traders said.
Short covering, along with spillover support from gains in Chicago Board of Trade corn futures, helped lift wheat, traders said.
CBOT March soft red winter wheat futures settled 3-3/4 cents higher at $5.77-1/4 per bushel, and most-active May wheat ended up 5-3/4 cents at $5.74-3/4 per bushel.
K.C. March hard red winter wheat finished 15 cents higher at $5.83-3/4 a bushel, after falling earlier to a contract low of $5.61-1/2.
MGEX March spring wheat last traded up 6-3/4 cents at $6.48-1/4 a bushel. Earlier in the session, it set a life-of-contract low of $6.36-1/4.
European wheat futures fell to hold near their lowest since 2021, as falling Russian prices and large global supplies kept the focus on export competition.
(By Commoditiescontrol Bureau: 09820130172)
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