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Soft red winter wheat futures at the Chicago Board of Trade were lower early on Thursday on only routine exports and on rains this week in the US Plains hard red winter (HRW) wheat region, traders said.
At 10:39 a.m. CDT (1539 GMT), CBOT wheat was 2-1/2 to 3-1/2 cents per bushel lower, with December down 2-1/2 at $3.23-1/4 per bushel.
Traders also said wheat was getting pressure from some light speculative selling that was spilling over from another fall to fresh contract lows in the corn pit.
Wheat watchers gave a neutral to bearish nod to the US Department of Agriculture's weekly export sales report released early Thursday.

Copyright Reuters, 2004

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