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331747

CBOT soft red winter wheat, K.C. hard red winter wheat, MGEX spring wheat gain

CHICAGO, Aug 4 (Reuters) - U.S. wheat futures rose on Thursday, snapping a stretch of losses amid a pickup in global demand and a focus on hotter, drier U.S. growing weather, traders said. * MGEX spring wheat futures were firm, as weather in some growing areas turned warmer and drier ahead of harvest. * CBOT September soft red winter wheat settled up 18 cents at $7.81-3/4 a bushel. * The most active CBOT soft red winter wheat contract rose a day after closing at its lowest price on a continuous basis since Feb. 4, before Russia's invasion of major wheat producer Ukraine. * K.C. hard red winter wheat for September delivery rose to $8.59 and MGEX September spring wheat gained 19 cents. * U.S. weekly wheat net export sales for the new marketing year for the week ending July 28 were 249,900 tonnes, in line with expectations. * Iranian state agency the Government Trading Corporation (GTC) is believed to have purchased between 180,000 tonnes to 240,000 tonnes of milling wheat in a tender which closed on Wednesday, European traders said on Thursday. * The Taiwan Flour Millers' Association purchased an estimated 50,910 tonnes of milling wheat to be sourced from the United States in a tender which closed on Thursday, European traders said. (Reporting by Caroline Stauffer)

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