date:Sep 06, 2012
Chicago Board of Trade September wheat, lightly traded ahead of the contract's expiration on Sept. 14, fell 20 1/4 cents to $8.45 3/4 a bushel.
U.S. traders have watched in disappointment as Egypt, the world's largest wheat importer, has turned mostly to Russia for purchases in recent weeks. Other buyers have also bypassed the U.S., as a surge in the country's wheat prices has made exports less competitive.
Egypt's state-owned wheat buyer, the General Authority for Supply Commodities, said last