CBOT wheat futures fall on beneficial rains in growing regions
CHICAGO, May 27 (Reuters) - Chicago Board of Trade wheat futures dipped on Tuesday as rain in multiple growing areas improved moisture for the crop, reinforcing expectations of a well-supplied market, according to analysts.
CBOT July soft red winter wheat WN25 settled down 14 cents at $5.28-1/2 a bushel.
K.C. July hard red winter wheat KWN25 ended down 14-1/4 cents at $5.24-1/2 a bushel.
Minneapolis July spring wheat MWEN25 fell 10-1/4 cents to finish at $5.96-1/4 a bushel.
Rain favored the U.S. central and southern Plains, where it improved soil moisture for winter wheat, according to Vaisala.
Moderate to heavy rains favored Belarus, Moldova, and western Ukraine over the weekend, aiding soil moisture for winter wheat growth, Vaisala said.
The dollar strengthened on Tuesday with the greenback boosted by data showing improving U.S. consumer confidence.
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