US wheat futures closed lower on Friday on slow export sales of US wheat and on persistent weight from a big global stockpile of wheat. CBOT July wheat was down 15-3/4 cents per bushel at $5.77-1/2. Underlying support from slow seedings of the US spring wheat crop. Japan seeking to buy 20,000 tonnes of feed wheat in a tender closing on May 22.
Taiwan flour millers pass on tender for US wheat. Drought to cut Hungary's 2009 wheat crop - think tank. Argentina's new wheat crop in doubt despite rains. Cold and wet weather still threatening US spring wheat crop, generally good crop development weather in southern US Plains HRW wheat region, dryness a concern in Australia and more rain needed in Argentina.
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