
CHICAGO, Oct 20 (Reuters) - Chicago Board of Trade wheat futures ended higher on Monday, following strength in soybeans and corn, but the benchmark contract Wv1 continued to hover near five-year lows set last week, anchored by ample world wheat supplies.
CBOT December soft red winter wheat WZ25 settled up 1 cent at $5.04-3/4 per bushel.
K.C. December hard red winter wheat KWZ25 ended down 1-1/2 cents at $4.90 a bushel while Minneapolis December spring wheat MWEZ25 settled unchanged at $5.48-1/2 a bushel.
Analysts have raised their estimates of Australia's wheat harvest, a Reuters poll showed.
European traders welcomed news of a purchase tender from big wheat buyer Algeria, but noted that the Black Sea suppliers were likely to compete hard for the sale.
China launched a 60-day campaign to secure wheat planting in the main North China Plain winter wheat belt after heavy rains left fields wet and threatened to delay planting and disrupt next year's grain supply.
In the U.S., analysts surveyed by Reuters on average estimated that the U.S. winter wheat crop was 75% planted by Sunday, up from last week's trade estimate of 66%.
No reports from the U.S. Department of Agriculture's statistical arm were scheduled this week due to the ongoing government shutdown.
However, the USDA did report export inspections of U.S. wheat in the latest week at 480,614 metric tons, in line with trade expectations for 350,000 to 550,000 tons. USDA/I