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CBOT wheat extends rally as traders eye exports

CHICAGO, Aug 24 (Reuters) - U.S. wheat futures rose for the fourth day in a row on Wednesday, with hopes for a pick-up in exports supporting prices amid uncertainty about exports from the Black Sea region due to the Russia-Ukraine war. * The benchmark Chicago Board of Trade December soft red winter wheat contract settled up 12-3/4 cents at $8.13-1/4 a bushel. * K.C. December hard red winter wheat futures were 15-1/2 cents stronger at $8.94-1/2 a bushel and MGEX December spring wheat gained 9-1/2 cents to $9.21-1/2 a bushel. * Analysts were expecting a U.S. Agriculture Department report on Thursday to show that export sales of wheat were in a range from 200,000 to 500,000 tonnes in the week ended Aug. 18. A week earlier wheat export sales totaled 207,152 tonnes. * A group of South Korean flour mills bought around 50,000 tonnes of milling wheat to be sourced from the United States for November shipment, European traders said. (Reporting by Mark Weinraub; Editing by Hugh Lawson)

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