CBOT wheat reaches 2014 high on global crop worries
CHICAGO, Oct 16 (Reuters) - Chicago Board of Trade wheat futures rallied to their highest prices in nearly six years on Friday on supply concerns fueled by unfavorable crop weather in key global suppliers, analysts said.
* Most-active CBOT December soft red winter wheat ended 7 cents higher at $6.25-1/4 a bushel. The contract earlier reached $6.30-3/4, its highest since December 2014.
* K.C. December hard red winter wheat closed up 3/4 cent at $5.58-3/4 a bushel, while MGEX December spring wheat gained 1 cent to settle at $5.59-3/4.
* Fund buying pushed prices higher, traders said.
* Weekly U.S. wheat export sales in the week ended Oct. 8 totaled 528,500 tonnes for 2020/21 shipment and 71,200 tonnes for 2021/22, the U.S. Department of Agriculture said. Total sales were near the high end of a range of trade estimates and the most in seven weeks.
(Reporting by Tom Polansek in Chicago Editing by Marguerita Choy)
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