CHICAGO, July 1 (Reuters) - Chicago Board of Trade soft red winter wheat futures ended higher on Tuesday in a short-covering and technical-buying rebound following recent steep declines, traders said.
CBOT September soft red winter wheat WU25 settled up 10-3/4 cents at $5.49 per bushel. The contract was lower in six of the past seven trading sessions.
K.C. September hard red winter wheat KWU25 last traded 5-3/4 cents higher at $5.32-1/2 a bushel.
Minneapolis September spring wheat MWEU25 rose 7-3/4 cents to finish at $6.28-1/2 a bushel and CBOT September hard red spring wheat HRSU25 last traded up 3-3/4 cents at $6.22-3/4.
The U.S. Department of Agriculture said 49% of the nation's winter wheat crop and 53% of the spring wheat crop was in good-to-excellent condition as of Sunday, both down 1 point from the previous week and a point below the average trade estimate. The winter wheat harvest accelerated to 37% complete, up from 19% the prior week.
The CBOT reported 193 deliveries on first notice day against the CBOT July soft red winter wheat WN25 futures contract, which expires on July 14. The exchange also reported 310 lots delivered against K.C. July hard red winter wheat KWN25 futures. WHE/D