CBOT wheat falls on fund selling, ample global supplies
CHICAGO, Aug 26 (Reuters) -Chicago Board of Trade benchmark wheat futures Wv1 fell to multiple contract lows on Monday on fund selling and as cheap Black Sea supplies continued to weigh on Chicago futures.
CBOT's December soft red winter wheat WZ24 settled down 3 cents to $5.25 a bushel.
K.C. December hard red winter wheat KWZ24 settled up 2-1/4 cents at $5.37-1/4 per bushel.
MGEX December spring wheat MWEZ24 was unchanged at $5.72-1/4 per bushel.
Canada's independent labor tribunal over the weekend ordered a halt to work stoppages at the country's largest railways that threatened to disrupt North American agricultural supply chains.
The U.S. Department of Agriculture will release spring wheat condition ratings and harvest progress later on Monday
A Reuters poll of 11 analysts predicted that the nation's spring wheat rating would be at 72% good to excellent, down a point from the previous week. They estimatethat the spring wheat harvest is speeding along at 48% complete, up from 31% last week.
Reporting by Heather Schlitz
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