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335213

CBOT wheat settles higher in turnaround from one-month low

CHICAGO, Oct 26 (Reuters) - Chicago Board of Trade wheat futures finished higher on Wednesday as the market bounced after falling to its lowest price in more than a month. * CBOT December soft red winter wheat settled up 5-3/4 cents at $8.40-1/2 a bushel. * The most-active contract jumped after dropping earlier in the session to its lowest price since Sept. 19. * K.C. December hard red winter wheat ended 6-1/4 cents higher at $9.40-3/4 a bushel. MGEX December spring wheat slipped 1/4-cent to settle at $9.52 a bushel. * The Rosario grain exchange pegged Argentina's 2022/23 wheat harvest at 13.7 million tonnes, down from 15 million tonnes due to a protracted drought. * Weakness in the U.S. dollar helped support gains in futures, analysts said. A softer dollar makes U.S. commodities more attractive to overseas buyers. * In Paris, Euronext wheat fell for a third day to touch a one-month low, weakened by a jump in the euro and competition from cheaper Russian supplies. (Reporting by Tom Polansek; Editing by Kirsten Donovan)

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