CBOT wheat ends higher on short covering, firmer corn and soy
CHICAGO, Oct 16 (Reuters) - Chicago Board of Trade wheat futures rebounded from early-session losses on Thursday and closed higher, lifted by short covering and spillover support from rising corn and soy markets.
Ample global wheat supplies limited gains and kept prices anchored near recent five-year lows.
CBOT December soft red winter wheat WZ25 ended 3-3/4 cents higher at $5.02-1/2 per bushel.
K.C. December hard red winter wheat KWZ25 last traded 1 cent higher at $4.89-1/4 a bushel.
Minneapolis December spring wheat MWEZ25 ended 2 cents lower at $5.49-1/2 per bushel.
The ongoing U.S. government shutdown deprived traders of crucial data on exports, demand and harvest progress, keeping prices largely range-bound.
Top wheat exporter Russia resumed shipments to Indonesia in October after a pause since January, adding to expectations of accelerating Russian shipments following a slow start to the season.
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