US MIDDAY: wheat falls

28 Aug, 2008

September wheat was down 28 cents at $8.02-1/2 a bushel; December was down 28-1/2 at $8.26 early on Wednesday. Sliding on forecasts for much-needed rain to fall in wheat areas of Australia and Argentina. Selling escalated as September dipped below support at its 20-day moving average of $8.19-3/4.

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