US wheat futures were mostly lower on Monday, pressured by spreading and technical selling amid abundant global grain supplies, traders said. Chicago Board of Trade March soft red winter wheat settled down 3-1/4 cents at $4.35-1/4 per bushel.
K.C. March hard red winter wheat ended down 3-1/2 cents at $4.34 a bushel Friday and MGEX March spring wheat eased 2-1/2 cents at $6.29. Wheat contracts reversed lower after gains earlier in the session and late last week that were tied to short-covering.
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