CBOT wheat ends lower as US harvesting advances
CHICAGO, July 7 (Reuters) - Chicago Board of Trade wheat futures declined on Monday as harvesting advanced in the Northern Hemisphere, bringing in fresh supplies, analysts said.
A weekly U.S. Department of Agriculture report due on Monday is expected to show the U.S. winter wheat harvest was 49% complete, up from 37% last week, analysts said in a Reuters poll.
In Russia, the world's largest wheat exporter, wheat exports are expected to get a boost following a fall in an export tax to zero.
CBOT September soft red winter wheat WU25 ended down 8-1/4 cents at $5.48-1/2 per bushel.
K.C. September hard red winter wheat KWU25 fell 8-1/2 cents to $5.27-1/2 a bushel.
Minneapolis September spring wheat MWEU25 was last down 10 cents at $6.37-1/4 a bushel, and CBOT September hard red spring wheat HRSU25 was down 17 cents at $6.12 per bushel.
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