Wheat falls again as worries about Russian exports ease

HAMBURG/SYDNEY, Dec 10 (Reuters): Chicago wheat fell for a second session on Wednesday as concern that Russia will restrict exports eased, while soybeans hit a near one-month high amid expectations the US Department of Agriculture (USDA) will cut its forecast for inventories.
Corn also rose as traders adjusted positions ahead of the monthly USDA report on global supply and demand due later on Wednesday. "Wheat is falling today because of relief that Russia does not seem to be intending to introduce wheat export restrictions," said Frank Rijkers, agri-food economist at ABN AMRO Bank. "Overall the markets are nervous ahead of the USDA world supply and demand report."
Chicago Board of Trade March wheat fell 0.6 per cent to $5.81-3/4 a bushel as of 1157 GMT, having closed down 2 per cent on Tuesday following news that major exporter Russia was not discussing export limits.