Australian Wheat Ends A$12.50 Lower Following CBOT

Benchmark Jan ASX wheat closed A$12.50* lower at A$317.50 Wednesday unable to shake off pressure from sharply lower CBOT wheat futures in the wake of America's financial meltdown.

A strong USD and concerns about dryness in parts of Western Australia add some support, but like all the rest of these markets fundamentals are playing a secondary role to outside markets.

* correction