US MIDDAY: wheat down

Soft red winter wheat futures at the Chicago Board of Trade were easing back early Friday after this week's chart-based buying, traders said.
There was little fresh news to stir much trade excitement in the first hour of the session. CBOT wheat futures were 1-1/4 to 3-1/2 cents per bushel lower by 10:37 a.m. CDT (1537 GMT). September was down 1-1/2 at $3.08 and December was 2-3/4 lower at $3.21.
Refco, DT Trading, Cargill Investor Services each sold 100 December, traders said. CIF values at the US Gulf were steady early Friday after firming early in the week amid talk that China was loading cargoes of soft red winter wheat.