Mumbai, 11 Apr (Commoditiescontrol): Chicago Board of Trade (CBOT) wheat futures further softened on Thursday, extending their decline for the third striaght session, although tensions in the Black Sea region kept a floor under the market.
The most-active wheat contract on the CBOT fell 0.1% to $5.58 a bushel.
Market participants are adjusting their positions before the release of U.S. Department of Agriculture (USDA) monthly global supply-demand data.
Russian strikes on southern Ukraine encouraged light short-covering in wheat earlier, traders said. Both countries are major grain exporters.
Commodity funds were net buyers of CBOT wheat futures contracts on Wednesday, traders said.
(By Commoditiescontrol Bureau: 09820130172)
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