By Paulo Trevisani Wheat for March delivery fell 2% to $8.50 1/4 a bushel on the Chicago Board of Trade Wednesday as weather forecasts turned bearish and investors realized profits ahead of. | November 25, 2021
Provided by Dow Jones TOP STORIES: Wheat Slides on Midwestern Rainfall Wheat for May delivery fell 1.7% to $6.28 a bushel on the Chicago Board of Trade Monday, with grain traders liquidating positions amid rainfall in the Midwest. Decent rains fell over southeastern portions of the Northern Plains spring wheat belt in recent days, providing valuable relief, said Arlan Suderman of StoneX. Funds Liquidate Some Exposure in Grains Market Talk 1402 ET - Agricultural futures on the CBOT are trading lower, with some traders ducking out of their sizable long positions in grains. Grain and soy futures are lower at midday on liquidation and technical selling following the lingering disappointment from Friday s April USDA report, says AgResource. The firm adds that a lack of recent confirmation of new large purchases by China - outside of a soybean purchase reported by the USDA this morning - has trader cautious this week. According to the firm