CHICAGO: US wheat futures fell on Friday, with the benchmark Chicago Board of Trade soft red winter wheat contract hitting its lowest level in more than four months as traders said the market was technically weak following a string of declines.
* For the week, the CBOT December soft red winter wheat contract was 5.5 percent lower, its biggest weekly loss since early June.
* CBOT wheat has fallen for six days in a row its longest losing streak of the year. The front-month contract has shed 7.2 percent of its value during that time.
* The US Agriculture Department said on Friday morning that weekly export sales of wheat were 314,600 tonnes, in line with forecasts for 250,000 to 450,000 tonnes and up from 220,900 tonnes a week ago.
* Dry weather remains an issue in the US Plains hard red winter wheat region and no relief is in sight, said Andy Karst.
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