Mumbai, 13 Apr (Commoditiescontrol): Chicago Board of Trade (CBOT) wheat futures settled up on Friday amid spillover support from gains in the corn and soy markets, analysts said.
CBOT May soft red winter wheat settled 4-1/4 cents stronger at $5.56 bushel, down 2% for the week.
K.C. May hard red winter wheat settled 6-1/2 cents higher at $5.89-3/4 per bushel, up 1.3% for the week. MGEX May spring wheat last traded up 5-3/4 cents at $6.42-3/4 a bushel, down 0.8% for the week.
Weak export demand for U.S. supplies capped rallies while futures found underlying support from dryness in southern Russia and parts of the southern U.S. Plains, analysts said.
On Monday, traders will review weekly U.S. crop condition ratings for winter wheat, after concerns about dryness in parts of Kansas helped underpin K.C. futures this week.
Traders were also monitoring wet conditions in western Europe and fears that escalating tensions in Ukraine could disrupt Black Sea trade.
In France, the state of soft wheat declined slightly for a second consecutive week to remain at its poorest in four years, farm office FranceAgriMer said.
(By Commoditiescontrol Bureau: 09820130172)
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