Mumbai, 5 Mar (Commoditiescontrol): Chicago Board of Trade (CBOT) wheat futures closed firmer on Monday with corn and soybeans on short-covering, traders said. Traders kept an eye on weakening prices in Russia, the world's biggest wheat exporter.
Last week, the price of 12.5% protein Russian wheat scheduled for free-on-board (FOB) delivery in April was $203 a metric ton, down $12 from the previous week, the IKAR agriculture consultancy reported.
In Australia, the agriculture ministry raised its estimate for the country's 2023/24 winter wheat harvest by about 500,000 metric tons to 26 million tons.
Chicago Board of Trade May soft red winter wheat futures settled up 6-1/4 cents at $5.64 per bushel.
K.C. May hard red winter wheat last traded up 15-3/4 cents at $5.80-1/4 a bushel, while MGEX May spring wheat last traded up 15-3/4 cents at $6.59-1/2 a bushel.
Euronext wheat rose from 3-1/2-year lows in a technical bounce.
(By Commoditiescontrol Bureau: 09820130172)
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