Chicago Board of Trade wheat futures were lower at midmorning on Tuesday, following the weak trend in soybeans and corn amid a lack of supportive news, traders said.
Wheat trade seemed relatively light, in contrast to heavy fund selling in row crop futures. Funds sold more than 4,000 contracts of both corn and soybeans in the first hour of trade, floor sources said.
As of 11:15 am CDT (1615 GMT), CBOT September wheat was down 1-3/4 cents at $3.20-1/2 per bushel, with December down 2-1/2 at $3.35. Fimat Futures and Man Financial each sold 300 to 400 September wheat contracts early in the session, traders said.
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