Soybeans and corn edged lower as weather forecasts pointing to heavier rain next week in central Brazil easing concerns about persisting dryness in crop belts.
The wheat sowing has been completed over 96.94 percent of the set targets in Punjab which is the largest grain producing province of the country, he added.
Jordan's state grain buyer the trade ministry is tendering to buy 120,000 tonnes of milling wheat which can be sourced from optional origins, European traders said on Monday.
He said that domestic wheat stocks as on December 11,2020 stood at 3.579 million metric tons that was sufficient to tackle with the domestic requirements.
Prices for the top exporter's 5% broken parboiled variety rose to $378-$383 per tonne, their highest since the week of Sept. 24, from $375-$381 last week.
This pattern suggests a target of $5.94-1/4. It indeed has a more bullish indication that the downtrend from the Oct. 21 high of $6.37-3/4 has reversed.
On the daily chart, the contract may fall towards 3,274 ringgit, as it failed to break a resistance at 3,411 ringgit, the 50% projection level of a presumed wave C from 2,691 ringgit.
The country's wheat output came to 134.25 million tonnes, marginally up from 133.59 million tonnes last year, while rice production rose 1.1% to 211.86 million tonnes.