U.S. wheat rises on weather concerns, despite technical trading pressure
CHICAGO, Jan 31 (Reuters) -Chicago wheat futures gained on Tuesday as investors and end-users eyed winter wheat conditions across the U.S. Plains amid a second frigid cold snap this season - but traders said futures prices struggled against technical resistance.
* The benchmark Chicago Board of Trade March soft red winter wheat contract WH3 added 8-3/4 cents to settle at $7.61-1/4 a bushel, after reaching $7.66-3/4, its highest level since Jan. 4.
* K.C. March hard red winter wheat futures KWH3 last traded up 5 cents to $8.78-3/4 a bushel and MGEX March spring wheat MWEH3 was up 1/2-cent at $9.22 a bushel.
* Wheat found support as winter wheat crop conditions across the U.S. plains remained uncertain, improving slightly in Kansas, the top U.S. winter-wheat-producing state, during January but fell sharply in Oklahoma, the No. 3 grower, the U.S. Department of Agriculture said on Monday.
* Brazil's wheat exports were seen reaching 784,235 tonnes in January, versus 803,813 tonnes forecast the previous week, according to ANEC.
* Jordan's state grains buyer purchased about 60,000 tonnes of milling wheat, likely from the Black Sea region, in a tender, traders said.
* Egypt's General Authority for Supply Commodities announced a tender on Tuesday for the purchase of wheat within the framework of the Food Security and Resilience Support Program funded by the World Bank.
Reporting by P.J. Huffstutter; Editing by Leslie Adler
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