CBOT wheat futures lower for third session

Chicago Board of Trade (CBOT) wheat futures ended lower for a third session in a row, falling on spillover pressure from corn and soyabeans contracts on Thursday, traders said. CBOT September soft red winter wheat settled down 11-1/2 cents at $4.75-3/4 per bushel. K.C. September hard red winter wheat ended 7 cents lower at $4.15-3/4 a bushel, and MGEX September spring wheat lost 1 cent to close at $5.18-1/2 a bushel.
Wheat started the day down on technical selling, after the benchmark CBOT September soft red winter wheat contract hit resistance at its 100-day moving average during the overnight trading session. The US Agriculture Department said weekly export sales of wheat totaled 383,000 tonnes, in line with forecasts for 300,000 tonnes to 600,000 tonnes.