Wheat futures at the Chicago Board of Trade were narrowly mixed early on Thursday amid forecasts for rain in the Plains and bearish export news, traders said.
Some support stemmed from light deliveries on the March contract and on scattered short-covering after the steep slide of prices on Wednesday, they said.
At 10:15 am CST (1615 GMT), CBOT wheat was 3/4 cent per bushel lower to 2-1/4 cents higher, with March down 1/4 at $3.62-1/2 per bushel. May was up 1-1/2 at $3.75-1/2. Pit sources said J.P. Morgan sold 300 May and Prudential Financial sold 100 May.
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