Wheat futures at the Chicago Board of Trade were lower at mid-session on Wednesday on a lack of supportive export or other fundamental news, traders said. At 10:45 am CST (1645 GMT), wheat was 1-1/4 cents to 2-1/2 cents per bushel lower, with December down 2 cents at $3.00-1/4.
Wheat futures were range-bound, with resistance in December pegged at $3.07-3/4 and support at $2.97, the contract low posted three weeks ago.
Man Financial bought 200 December, traders said.
Export activity overnight failed to generate much bullish momentum for wheat futures prices. Taiwan millers set a November 10 tender for 43,000 tonnes of US wheat.
Wheat traders and analysts said larger volume export business is needed to stimulate any big demand for wheat futures contracts. However, there was market talk that the recent drop in CBOT wheat prices could attract interest from Egypt.
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