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CBOT wheat closes firm but posts biggest weekly loss since mid-July

CHICAGO, Oct 7 (Reuters) - U.S. wheat futures ended firm on Friday after fluctuating between positive and negative territory during the session. * Bargain buying helped prop up prices after four straight days of declines, but concerns about a firm dollar chilling export demand for U.S. supplies acted as an anchor on the market, traders said. * The benchmark Chicago Board of Trade December soft red winter wheat contract settled up 1-1/4 cents at $8.80-1/4 a bushel. * K.C. December soft red winter wheat gained 7 cents to $9.72 a bushel while MGEX December spring wheat settled up 5-1/2 cents at $9.68 a bushel. * For the week, CBOT soft red winter wheat was down 4.5%, its biggest weekly decline since mid-July. K.C. hard red winter wheat was off 2.3% this week and MGEX spring wheat lost 0.7%. (Reporting by Mark Weinraub; Editing by Leslie Adler)

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