
CHICAGO, April 24 (Reuters) - Chicago Board of Trade wheat futures closed a choppy session higher on Thursday as spillover strength from corn and soybean futures and the dollar's decline offset pressure from improving weather in the U.S. Plains wheat belt, traders said.
CBOT July soft red winter wheat WN25 settled up 1 cent at $5.44-1/2 per bushel.
K.C. July hard red winter wheat KWN25 ended up 1/2 cent at $5.50-3/4 per bushel after hitting a life-of-contract low of $5.43.
Minneapolis July spring wheat MWEN25 finished up 3/4 cent at $6.07-3/4 a bushel.
Storms crossed portions of the U.S. Plains, bringing beneficial moisture to developing winter wheat crops, and forecasts called for more rain over the next 10 days.
The dollar .DXY staged a broad retreat as investor gloom over the lack of progress toward defusing the U.S.-China trade war reasserted itself following an interlude of optimism the previous day. A softer dollar tends to make U.S. grains more attractive to buyers holding other currencies. USD/
The U.S. Department of Agriculture (USDA) reported net cancellations of U.S. old-crop wheat sales in the week to April 17 totaling 145,000 metric tons, in line with trade expectations.
The USDA also reported weekly net sales of new-crop wheat totaling 371,700 tons, above trade expectations. EXP/WHE
Germany's 2025 wheat crop will increase 15.7% from last year to 21.41 million metric tons, the country's association of farm cooperatives said, raising its forecast from its March estimate of 21.36 million tons.