Wheat futures on the Chicago Board of Trade were mixed in choppy trade early on Wednesday, with bearish export news and satisfactory crop weather in the US winter wheat belt weighing on prices, traders said.
Traders were watching for signs of further long liquidation by funds in the Kansas City market. Fund selling in Kansas City on Tuesday triggered a sell-off in Chicago wheat that sent CBOT December to its lowest level since September 28.
As of 10:45 am CDT (1545 GMT), CBOT December was up 1/4 cent at $3.29 per bushel, with deferred months up 1/4 to down 1/2 cent.
ABN-Amro was an early seller of 400 December contracts and O'Connor and Co sold 200 December, traders said.