Wheat Fading Back Early on Monday

Wheat futures markets experienced weakness during the session, with the complex under pressure from profit-taking activity as traders closed positions before the weekend. Chicago SRW contracts closed down 12 to 18 1/4 cents in front-month contracts, while September contracts fell 4 3/4 cents on the week. Kansas City HRW futures declined 10 to 14 3/4 cents in nearby contracts for the day, though September maintained a weekly gain of 13 cents. Minneapolis spring wheat futures retreated 10 to 15 3