U.S. wheat dips to 4 week low on sluggish export demand.

CBOT wheat futures fell to a four-week low, with a lack of demand for U.S. shipments in an amply-supplied world market dragging on prices. U.S. wheat exports are facing stiff competition from the Black Sea region. Wheat prices in Russia, which has been dominating the global export market with a record crop, rose last week amid strong demand from buyers including Egypt and Saudi Arabia.