CBOT wheat edges up on winterkill fears, reduced Russian wheat crop

Jan 30 (Reuters) - Chicago Board of Trade wheat futures rose on Thursday on reduced forecasts for Russian exports and fears that frigid weather may have damaged the U.S. winter wheat crop, traders said.

• CBOT March soft red winter wheat WH25 settled up 4 cents to $5.66-1/2 per bushel.

• K.C. March hard red winter wheat KWH25 ended up 8 cents at $5.88-1/4 per bushel.

• Minneapolis March spring wheat MWEH25 ended up 6-1/2 cents to $6.20-1/4 per bushel.

• Chicago wheat futures have received support from a diminished Black Sea wheat harvest and a Russian government quota limiting exports of wheat and other grains.

• Consultancy Sovecon said on Thursday it had revised down its Russian wheat export forecast for 2024/2025 to 42.8 million tons from 43.7 million.

• Market players have raised concerns about freeze damage to the dormant winter wheat crop in portions of the U.S. wheat belt, which could trim the region's wheat yields.

• The U.S. Department of Agriculture reported 2024-25 export sales of U.S. wheat for the week ended Jan. 23 at 456,100 metric tons, compared to analysts' expectations for 150,000-500,000 metric tons.

• Traders are waiting to see whether U.S. President Donald Trump follows through on threats to impose tariffs on trading partners, such as Mexico and Canada, slated to begin on Feb. 1.