Wheat futures on the Chicago Board of Trade were lower at midmorning on Thursday on weak export demand for US soft red winter wheat and on spillover weakness from corn, traders said. Trade was light and at times choppy. "The slow activity is indicative of a lack of conviction on either side of the market," Prudential Securities analyst Shawn McCambridge said.
As of 11:40 am CDT (1640 GMT), CBOT September wheat was down 1 cent at $3.25 per bushel, with deferred months down 1 to 3-1/4 cents.
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