US MIDDAY: wheat tumbles on spill-over pressure

Soft red winter wheat futures at the Chicago Board of Trade fell early on Tuesday on spill-over pressure from a sharp drop in soybeans and corn, traders said.
At 10:18 am CDT (1518 GMT), CBOT wheat was down 4 to 5 cents per bushel, with September down 4 at $3.03-1/2 per bushel. December was down 5-1/2 at $3.13-1/2.
Cargill Investor Services sold 600 December and Prudential Securities sold 400 December, pit sources said.
Corn and soybean futures fell hard because of warmer rather than colder weather in the US Midwest. There had been concerns last week about a potential freeze this week in parts of the US corn and soybean growing region.