US MIDDAY: wheat lower on technical selling

16 Sep, 2005

Wheat futures at the Chicago Board of Trade were lower at midmorning on Thursday on technical selling and bearish export data for US soft wheat, traders said.
As of 11:25 am CDT (1625 GMT), CBOT December wheat was down 5-1/4 cents at $3.22 per bushel. Deferred months were down 5 to 6 cents.
Refco Investor Services (formerly Cargill Investor Services) sold 500 December contracts, traders said.
CBOT wheat lost ground against Kansas City and Minneapolis wheat on inter-market spreads, following the US Department of Agriculture's weekly export sales report.

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