CHICAGO: Chicago Board of Trade July wheat futures closed lower on Friday after a choppy session amid technical selling and plentiful global supplies, traders said.

CBOT July wheat settled down 1 cent at $4.32-3/4 a bushel. For the week, the contract shed 9-1/2 cents or about 2 percent.

K.C. July hard red winter wheat ended down 1-1/2 cents at $4.39-1/4 a bushel and MGEX July spring wheat fell 1-3/4 cents st $5.46-1/2.

Market underpinned by worries about excessive moisture threatening yield potential and crop quality in the southern US Plains and Midwest winter wheat regions.

Informa Economics projected US all-wheat plantings for 2017 harvest at 45.589 million acres, trade sources said, below the US Department of Agriculture’s estimate of 46.1 million.

Informa’s all-wheat figure included 32.747 million acres of winter wheat, 10.888 million acres of spring wheat and 1.954 million acres of durum wheat.

Algeria’s state grains agency OAIC bought around 470,000 tonnes of milling wheat and 75,000 tonnes of animal feed barley in a tender which closed on Wednesday, European traders said.

The CBOT reported 10 deliveries against the CBOT May wheat contract and 64 K.C. wheat deliveries. There were no deliveries of MGEX May spring wheat. All three May contract expired on Friday.—Reuters