CBOT wheat ends higher on bargain buying, softer dollar

CHICAGO, Dec 11 (Reuters) - Chicago Board of Trade wheat futures closed higher on Thursday on bargain buying a day after the benchmark March contract hit a seven-week low, and as a weaker dollar and better-than-expected weekly export sales data lent support, traders said.

• CBOT March soft red winter wheat WH26 settled up 4 cents at $5.33-1/2 per bushel, a day after dipping to $5.25-1/4, its lowest since October 23.

• K.C. March hard red winter wheat KWH26 ended down 1 cent at $5.22-1/4 a bushel while Minneapolis March spring wheat MWEH26 rose 1 cent to finish at $5.76-1/4 a bushel.

• The dollar .DXY extended declines from Wednesday, when the Federal Reserve cut interest rates but gave a less hawkish outlook than expected. A softer currency tends to make U.S. grains more attractive on the world market.

• The U.S. Department of Agriculture reported net export sales of wheat in the week ended November 13 at 850,400 metric tons, topping a range of trade estimates for 200,000 to 600,000 tons. EXP/WHE

• Ample global wheat supplies continue to act as an anchor on futures, capping rallies. The Rosario Grains Exchange raised its estimate of Argentina's 2025/26 wheat harvest to a record 27.7 million metric tons, from 24.5 million previously.