US wheat futures fell Wednesday, with the benchmark Chicago Board of Trade contract dropping 1.9 percent on forecasts for good crop weather in the US Plains, said traders who also cited a firmer dollar. At 11:38 am CDT (1638 GMT), CBOT May wheat was down 12-1/4 cents at $6.45-3/4 a bushel. The benchmark contract was finding support near its 100-day moving average despite the drop.
CBOT May corn was 3/4 cent lower at $6.57-1/2 a bushel. CBOT May corn ran into resistance near its 200-day moving average of $6.64-1/4. The May contract briefly breached that key technical resistance point on Tuesday afternoon. CBOT May soyabeans rose 11 cents to $14.27-3/4 a bushel. The front-month contract was still trading below the seven-month peak of $14.34-1/4 hit on Tuesday.