Wheat futures fell in early trading at the Chicago Board of Trade on Friday, breaking a streak of three straight days of gains, as traders locked in profits from a 19 percent rally this week to two-year highs. News that Russia will review its ban on grain exports after harvest and remains committed to its long-term obligations also added pressure to the wheat market, traders said.
Chicago Board of Trade grain and soy complex trends at 9:40 am CDT (1435 GMT). September wheat down 17 cents at $7.68-3/4 per bushel. September corn down 6-1/2 cents at $3.97 a bushel. Exporters sell 157,581 tonnes US corn to Japan for 2010/11 delivery-USDA. August soyabeans up 1/2 cent at $10.55-1/2 per bushel; new-crop November down 1 at $10.28. Exporters sell 336,000 tonnes US soybeans to China for 2010/11 delivery-USDA.