CBOT wheat closes higher, bolster by weaker US dollar

CHICAGO, May 19 (Reuters) - Chicago Board of Trade wheat futures closed higher for the fourth time in five sessions on Monday, as a weaker dollar .DXY can make U.S. exports cheaper, market analysts said.

• CBOT July soft red winter wheat WN25 settled up 4 cents at $5.29 a bushel.

• K.C. July hard red winter wheat KWN25 ended up 6-1/4 cents at $5.22-3/4 a bushel, and Minneapolis July spring wheat MWEN25 rose 12-1/4 cents to $5.85-1/2 a bushel.

• The U.S. Department of Agriculture reported weekly wheat exports of 423,785 metric tons for the week ended March 15, within trade expectations.

• South Korean millers bought about 50,000 metric tons of U.S. wheat in a tender on Monday.

• Saudi Arabia bought 621,000 metric tons of optional-origin wheat via a tender for arrival in August to October. Traders said it was anticipated to mostly come from Russia, Romania and Bulgaria.

• The news gave Chicago wheat futures some support, market analysts said, as the hefty wheat sale was expected to take some rival supplies out of the global market.

• Futures prices remained under pressure from last week's Kansas crop tour, which projected the highest yield since 2021 as the region's crop was boosted by timely rain.