CBOT wheat higher as market awaits Chinese buying interest

CHICAGO, Nov 5 (Reuters) - Chicago Board of Trade wheat futures turned higher on Wednesday as rumors of Chinese buying interest in U.S. wheat encouraged some short-covering.

• The market is continuing to await confirmation of Chinese purchases.

• The Russian government is considering a grain export quota of 20 million metric tons for the second half of the marketing season, from February 15 to June 30, 2026, according to a draft document published by the Russian Grain Union lobby group on Wednesday.

• CBOT December soft red winter wheat WZ25 settled 4-1/2 cents higher at $5.54-3/4 a bushel.

• K.C. December hard red winter wheat KWZ25 last traded 3-1/2 cents higher to end at $5.40 a bushel, while Minneapolis December spring wheat MWEZ25 rose 1/4 cent to finish at $5.57-1/4 a bushel.