1. Feltes said wheat was also pressured by concerns over the karnal bunt fungus that was discovered in durum wheat seed in Arizona. 2. Meanwhile Chicago wheat was pressured partly by the crop outlook and on good conditions for spring planting. 3. Spillover weakness from Chicago corn and soybean futures also pressured wheat. 4. Spillover from corn and soybeans also pressured wheat. 5. Pessimism about U.S. exports pressured wheat. 6. Feltes said wheat was also pressured by concerns over the karnal bunt fungus which was discovered in durum wheat seed in Arizona. 7. Sluggish U.S. export activity also pressured wheat. 8. The lackluster recent performance of U.S. exports continued to pressure wheat. 9. The selloffs in soybeans and corn also pressured wheat, although its decline was not as steep. 10. Wheat was pressured by rain that improved crop conditions in Argentina and by forecasts of increasing precipitation in the U.S. winter wheat belt this weekend. |