Wheat futures fell the most in four weeks on speculation that favorable weather will boost crop prospects in Australia and the U.S., the world’s top exporter. Corn and soybeans closed unchanged.

Parts of Oklahoma, Texas and Kansas, the top U.S. wheat growers, got as much as 0.75 inch (1.9 centimeters) of rainyesterday, data from World Ag Weather show. Areas in eastern Australia received as much as 2 centimeters this week, boosting soil moisture before planting starts next month, a farm group said.

“The U.S. crops are getting some beneficial moisture, and wheat only needs a little rain to produce a good crop,” Shawn McCambridge, the senior grain analyst for

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Buyers in China, the second-biggest corn consumer, may halt purchases from the U.S. as quarantine officials reject more shipments with a non-approved genetically modified variety，said Yigu Information Consulting Ltd.

Inspectors this week stopped two bulk-carriers and smaller-sized container ships from unloading cargoes containing the insect-resistant MIR 162 grain, said Feng Lichen, the general manager of the researcher based in the northern port city of Dalian.

“It raises the question of whether we will see any more U.S. corn imports at all in the next few months,” said Feng, citing talks with traders in China. This will weigh on corn prices in the U.S. and force Chinese buyers to buy more local supplies, he said.

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