Chicago Board of Trade wheat futures fell Wednesday on technical selling and reminders of ample global supplies, traders said.
Additional pressure stemmed from some forecasts calling for a better chance of rains late next week in the southern Plains hard red winter wheat belt.
CBOT May soft red winter wheat settled down 4-3/4 cents at $4.87-1/4 per bushel.
K.C. May hard red winter wheat ended down 5 cents at $5.16-3/4 a bushel while MGEX May spring wheat rose 2-1/2 cents at $6.29 a bushel.
MGEX spring wheat futures drew support from worries that wintry weather would delay planting in the northern Plains spring wheat belt.
The USDA in its monthly supply/demand report on Tuesday raised its forecast of world 2017-18 wheat ending stocks to a record-high 271.2 million tonnes.
Ahead of the USDA's weekly export sales report on Thursday, traders expected the government to report weekly US wheat sales at 250,000 to 650,000 tonnes (old and new crop years combined).
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