Wheat declines

SINGAPORE - Wheat futures declined amid signs that demand for US grain may be waning, as the condition of the crop improved in the world's largest shipper.

March-delivery wheat lost as much as 0.7 percent on Tuesday to $7.0725 a bushel on the Chicago Board of Trade, before trading at $7.10 at 2:58 pm Singapore time.

About 46 percent of winter wheat was rated good or excellent as of Sunday, the US Department of Agriculture (USDA) said on Monday. An estimated 87 percent of the wheat had emerged, compared with 82 percent a week earlier and 85 percent on average in the previous five years, the USDA said.