Wheat's slide is a supply story, not a demand story. Chicago wheat is down 0.3% at $6.01-3/4 and near a 4-month low as expectations for bigger Russian exports outweigh strong US demand. Prices are nea

What happened: Chicago wheat futures fell toward a four-month low as expectations of higher Russian wheat exports outweighed strong demand for US grain. Corn and soybeans rose on bargain buying. Key numbers: CBOT wheat down 0.3% at $6.01-3/4 a bushel; corn up 0.4% at $4.49-1/2; soybeans up 0.2% at $12.37-1/4. Why it matters: Russia allowed grain export vessels to leave the Sea of Azov for the first time since July 10, and global supplies have not proved as scarce as some had predicted. Speculators expanded their net short position in CBOT wheat in the week ended October 27.

Chicago wheat futures fell toward a four-month low as expectations of higher Russian wheat exports outweighed strong demand for US grain. Corn and soybeans rose on bargain buying.

Russia allowed grain export vessels to leave the Sea of Azov for the first time since July 10, and global supplies have not proved as scarce as some had predicted. Speculators expanded their net short position in CBOT wheat in the week ended October 27.