Wheat eases after rally, US planting delays offer support.

Byline: S. Kamal Hayder Kazmi

Chicago wheat futures slid on Thursday as the market took a breather after climbing to a three-week high in the last session when prices were underpinned by concerns over flood damage and planting delays in the US Plains amid recent adverse weather.

Soybeans rose for a second consecutive session on hopes for progress in US trade talks with China, while corn edged lower after closing largely unchanged in the previous session.

The most-active wheat contract on the Chicago Board of Trade was down 0.5 percent at $4.62-1/2 a bushel by 1152 GMT, having closed 1.8 percent up on Wednesday when prices touched their...

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