Wheat firms

Reuters

Chicago

Chicago Board of Trade soft red winter wheat rose on bargain buying following four straight days of declines. Wheat futures have fallen for three weeks in a row, the longest string of weekly losses for wheat since a four-week stretch that ended in early July 2016.

CBOT May wheat futures were up 3-3/4 cents at $4.24-3/4 a bushel. CBOT wheat shed 2.4 percent this week. Rain forecasts pointed to significant moisture relief next week in the six to 10 days ahead for all but the far southwest of the U.S. Plains, Commodity Weather Group said in a daily update.

Rain had already begun to fall in Kansas, the largest hard red winter wheat-producing state, on Friday morning, a grain dealer there said.

Rain forecasts pointed to significant moisture relief next week in the six to 10 days ahead for all but the far southwest of the U.S. Plains, Commodity Weather Group said in a daily update