July wheat was down 11-1/4 cents at $7.71-1/4 per bushel. Profit-taking after Monday's technical recovery. Expectations for big global wheat crop weigh on market with the US winter wheat harvest under way. News of welcome rain in eastern Australia adds pressure.
Good rainfall in Australia's key wheat state of New South Wales in the past 24 hours allows planting to get fully under way, Australian Crop Forecasters said.