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CBOT wheat slides for a second day as dollar strengthens



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Corrects weekly percentage change to 1.7% from 2.81% in third bullet

CHICAGO, Oct 4 (Reuters) -Chicago Board of Trade wheat futures fell back on Friday as the dollar rallied on a better than expected September jobs report after reaching more than three-month highs earlier in the week.

  • CBOT December soft red winter wheat WZ24 settled down 13-3/4 cents at $5.89-3/4 a bushel.

  • K.C. December hard red winter wheat KWZ24 ended down 13-1/2 cents at $5.98 a bushel and Minneapolis December spring wheat MWEZ24 closed down 7-3/4 cents at $6.38-1/2 a bushel.

  • For the week, most-active CBOT wheat Wv1 rose 1.7%.

  • Wheat fell on profit-taking Friday after reaching more than three-month highs earlier in the week.

  • The dollar jumped to a seven-week high after data showed that employers added more jobs than expected in September. A stronger dollar tends to make U.S. exports less competitive on the global market.

  • Wheat futures gained support from worries about dry conditions for winter wheat in Russia, Ukraine and the U.S. Plains.



Reporting by Renee Hickman; Editing by Sandra Malern

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