Wheat is trading with 2 to 6 cent losses on Monday morning after a rally to close out the previous week. Export sales data shows a decrease from last week and last year. Spec funds have reduced their net short positions in Chicago and KC wheat. The US HRW area expected to be drier in the next week with a longer-term outlook of warmer temps and dryness. French soft wheat ratings show a slight decrease. Closing prices for various wheat futures show slight declines.

Read more at Yahoo Finance: Wheat Falling Back to Kick Off Monday