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CBOT wheat falls on profit taking

CHICAGO : Wheat futures fell in early trading at the Chicago Board of Trade on Wednesday as traders locked in profits fr
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By Abdul Ahad
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grainsCHICAGO: Wheat futures fell in early trading at the Chicago Board of Trade on Wednesday as traders locked in profits from a rally on Tuesday.

The US dollar, which had strengthened throughout the morning, weakened shortly after the open, reducing some of the pressure on wheat.

At 9:32 a.m. CDT (1432 GMT), CBOT July wheat was down 9-1/2 cents at $6.64-3/4 a bushel.

 

Copyright Reuters, 2011

 

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