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334896

CBOT wheat closes hits four-week low, K.C. wheat hits three-week low

CHICAGO, Oct 18 (Reuters) - Chicago Board of Trade soft red winter wheat futures fell to a four-week low on Tuesday as traders monitored progress in U.N.-brokered talks to keep a channel for Black Sea grain exports from Ukraine open. * K.C. hard red winter wheat futures hit a three-week low, falling for the fifth time in the last six sessions. * MGEX spring wheat futures ended firm after trading in negative territory for much of the day. * The benchmark CBOT December soft red winter wheat contract settled down 11-1/2 cents at $8.49-1/2 a bushel after bottoming out at $8.32-3/4, its lowest since Sept. 20. * The contract dropped below the low end of its 20-day Bollinger range for the first time since Aug. 19 and its 50-day moving average for the first time since Sept. 8 during the session but closed above those key technical points. * K.C. hard red winter wheat for December delivery ended down 6 cents at $9.52 a bushel and MGEX December spring wheat futures gained 2-1/4 cents to $9.57-1/2 a bushel. * Jordan's state grains buyer purchased about 60,000 tonnes of hard milling wheat to be sourced from optional origins. * Jordan's state grain buyer also issued an international tender to buy 120,000 tonnes of milling wheat, an official source said. (Reporting by Mark Weinraub; Editing by David Gregorio)

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