Wheat hits 17-day low as rains provide temporary relief.

US wheat fell to a 17-day low as rains across a major producing region weighed on the market, though forecasts for continued dry weather helped to limit the slide in prices. Rains across pockets of a major US producing region were putting pressure on prices, but this timely rainfall had done little to relieve stress on crops. North American spring wheat regions still have large pockets that were very likely to be seeing yields continue to decline.