May wheat at the Chicago Board of Trade was down 20 cents at $8.93 per bushel, July was down 20-1/2 at $9.07-1/2. Follow-through technical selling after the late slide of prices on Thursday that was tied to talk of diminished concern about a cold snap in US Plains. Firm dollar adds pressure.
Iran to import 2 million T wheat. Iraq will need to import 2.5 million to 3 million T wheat in 2008. EU wheat seen competitive despite strong euro. Western areas of US Plains HRW wheat belt need more rain.