US wheat futures fell on Wednesday, with the benchmark Chicago Board of Trade contract hitting its lowest in nearly five months, on pressure from a firm dollar and worries about a slowing economy. Data that showed that China's factory activity in November posted its sharpest decline in 32 months, as well as weak demand for German bonds, stoked fears about the global economy and caused investors to shed risky assets such as wheat.
Hard red winter wheat futures at the Kansas City Board of Trade dropped 1.7 percent and MGEX spring wheat fell 3.2 percent. CBOT volume of around 85,000 fell below the 30-day and 250-day averages. Israeli private buyers book deal to purchase 100,000 tonnes of corn, feed wheat and feed barley in tender. Wheat priced at $239 a tonne c&f. Analysts expecting weekly export sales of wheat in 300,000-450,000 tonne range compared to 334,600 tonnes last week.