CBOT wheat down as rains ease crop damage worries.

Wheat futures on the CBOT trading lower as rainfall in the growing regions of mid-west US eased concerns of damage to crop due to persisting heat. Prices further dragged down by USDA which raised its forecast for the country’s wheat stocks at the end of 2017-18 to 25.6 mln tn from 25.2 mln tn a month ago.