CBOT wheat futures close higher in rebound from contract lows

Chicago Board of Trade wheat futures ended higher on Friday as the market bounced from recent contract lows, traders said. Weakness in the U.S. dollar helped support gains, they said. Traders are waiting for the U.S. Department of Agriculture to issue a weekly update on crop conditions for U.S. winter wheat and plantings of spring wheat on Monday. Rain and warm temperatures in the Plains in late May should favor growth for hard red winter wheat, forecasting firm Vaisala said. CBOT July soft red winter wheat (WN25) closed 12 cents higher at $5.43 per bushel. The contract on Wednesday set a low of $5.23-1/4. K.C. July hard red ...