US MIDDAY: wheat down

13 Jun, 2008

July wheat was down 26 cents at $8.43 per bushel. Profit-taking setback after Wednesday's limit rally and seasonal harvest pressure. Early weakness in crude oil and gold plus a firmer dollar add pressure. But weather concerns for corn limit declines in wheat. Daily trading limit at CBOT, KCBT and MGE expanded to 90 cents per bushel, from the previous 60 cents.

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