CBOT wheat futures fell on Monday as favorable weather forecasts in Europe strengthened crop production outlooks, traders said.
Chicago Board of Trade benchmark July soft red winter wheat futures settled down 5-3/4 cents at $5.24-3/4 per bushel.
Kansas City July hard red winter wheat ended down 3-3/4 cents at $4.79-1/2 and MGEX July spring wheat finished down 4-1/2 cents at $5.08-3/4.
Saudi Arabia's state grain buyer SAGO said it bought 60,000 tonnes of Ukraine wheat from investment firm SALIC, marking its first purchase from agricultural investments overseas aimed at enhancing the country's food security.
Russia will suspend grain exports until July 1 only after the grain it has declared in its second-quarter quota has been shipped, the agriculture ministry said on Sunday.
The US Department of Agriculture reported export inspections of US wheat in the latest week at 501,333 tonnes, in line with trade expectations for 400,000 to 650,000 tones.
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