CBOT wheat rises on short covering
CHICAGO, Sept 11 (Reuters) - Chicago Board of Trade wheat futures rose on Thursday on short covering, though swelling global supply hung over the market.
The USDA is expected to report a slight decrease in U.S. wheat ending stocks in its monthly report on Friday, while world wheat stocks are forecast to rise, according to a Reuters analyst poll.
The U.S. Department of Agriculture reported export sales of U.S. wheat in the week ended September 4 at 305,400 metric tons, at the low end of trade expectations for 300,000 to 650,000 tons. EXP/WHE
Consultancies IKAR and Sovecon each said on Wednesday they had further increased their estimates for Russia's wheat harvest to around 87 million metric tons.
CBOT December soft red winter wheat WZ25 settled 6-1/2 cents higher at $5.21-1/2 per bushel.
K.C. December hard red winter wheat KWZ25 rose 3 cents to end at $5.10 per bushel.
Minneapolis December spring wheat MWEZ25 finished down 4-1/2 cents at $5.69-1/2 a bushel.
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