Chicago Board of Trade wheat futures were lower early Wednesday after Egypt turned back to French wheat at its latest tender on Tuesday night, traders said.
CBOT wheat futures were last down 3-3/4 cents to 5-3/4 cents per bushel, with September down 5-3/4 cents at $3.25-1/2, after hitting a new nine-month low of $3.25, and December down 5-3/4 cents at $3.38-3/4.
Rand Financial was an early seller of 300 September and ABN Amro sold 200 September, pit brokers said. DT Trading was a buyer of 300 September, they added.
Egypt's General Authority for Supply Commodities bought 60,000 tonnes of French milling wheat for September 1-10 shipment for $141.47 per tonne FOB, four days after buying 60,000 tonnes of US white wheat for August shipment for $148.12 FOB.
Also on Wednesday, Jordan bought 100,000 tonnes of Black Sea-origin feed barley in its tender, which closed this week, all at $116.45 a tonne c&f, European traders said.
"This is a low price and shows that Ukrainian, Russian and other Black Sea barley is being offered aggressively on the basis of expectations of a good harvest this year," one trader said.
South Korea bought 20,000 tonnes of US wheat overnight and South Korean millers seek another 13,600 tonnes on Thursday in what is seen as routine business. Good harvest weather in the US Plains HRW wheat region and eastern Midwest SRW areas continued to weigh on futures, due to hedge pressure, brokers said.