May wheat was down 2 cents at $7.92 per bushel; July down 2-1/2 at $8.06. Prices pressured by talk that Argentine farmers and government officials close to resolution about wheat exports, underpinned by jitters about cold weather forecast for portions US winter and spring wheat growing areas.
Market concerned about dry weather in US Southwest and cold snap in Plains and eastern Midwest. Deliveries on May 1,144 lots, within estimates.
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