Chicago Board of Trade wheat futures fell on Tuesday on technical selling at the start of the month and spillover weakness from soybeans and corn, traders said. CBOT December wheat settled down 2 cents at $4.14-1/4 per bushel.
K.C. December hard red winter wheat finished down 1 cent at $4/13-3/4, underpinned by concern about dry conditions in the southern US Plains wheat belt.
MGEX December spring wheat ended down 7-1/4 cents at $5.19-1/2 a bushel, hit by technical selling after the contract hit resistance for a second straight session at its 200-day moving average at $5.30.
The USDA said the US winter wheat crop was 86 percent planted by Sunday, compared with the five-year average of 88 percent.
The USDA rated 58 percent of the crop as good to excellent, down from 59 percent the previous week but up from 49 percent a year ago.
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