CBOT wheat firms, ends higher for the week on bargain buying
CHICAGO, Oct 17 (Reuters) - Chicago Board of Trade wheat futures firmed on Friday and registered the first weekly gain in five weeks on short covering and bargain buying after a recent drop to five-year lows.
Ample global supplies kept a lid on gains, although low prices have attracted improved buying interest from importers.
CBOT December soft red winter wheat WZ25 ended 1-1/4 cents higher at $5.03-3/4 per bushel. The benchmark contract gained 1.1% in the week.
K.C. December hard red winter wheat KWZ25 last traded 3 cents higher at $4.91-3/4 a bushel.
Minneapolis December spring wheat MWEZ25 ended 1/2 cent lower at $5.48-1/2 per bushel.
The ongoing U.S. government shutdown deprived traders of crucial data on exports, demand and harvest progress, keeping prices largely range-bound.
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