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325011

U.S. wheat futures fall after six sessions of gains

CHICAGO, March 8 (Reuters) - U.S. wheat futures tumbled on Tuesday, snapping a six-session streak of gains. * Prices traded both sides of unchanged in a wildly fluctuating market, with CBOT soft red winter wheat, K.C. hard red winter wheat and MGEX spring wheat all touching their daily trading limits on the downside before ending above those lows. * Despite the sharp declines, traders said that the supply disruptions from the Black Sea region following Russia's invasion of Ukraine were still impacting the market. * Private exporters reported the sale of 193,000 tonnes of hard red spring wheat for delivery to the Philippines in the 2022/23 marketing year. * Algeria’s state grains agency OAIC is believed to have extended Tuesday's international tender to purchase milling wheat by a day. * CBOT May soft red winter wheat ended down 7-1/2 cents at $12.86-1/2 a bushel, K.C. May hard red winter wheat was off 62-3/4 cents at $11.88-3/4 and MGEX May spring wheat was down 56 cents a $11.41-1/2. (Reporting by Mark Weinraub Editing by Mark Potter)

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