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TABLE-CBOT wheat follows K.C. hard red winter wheat lower

CHICAGO, April 16 (Reuters) - U.S. wheat futures fell on
Monday, led by a sharp drop in K.C. hard red winter wheat
contracts, on forecasts for rain in the U.S. Plains, traders
said.
* The expected rains raised harvest prospects for the
drought-hit
hard red winter wheat crop.
* K.C. hard red winter wheat for May delivery dropped
through its 20- and 200-day moving averages during Monday's
trading session.
* Analysts were expecting a U.S. Agriculture Department
report on
Monday afternoon to show that 30 percent of the U.S. winter
wheat crop was rated good to excellent, unchanged from a week
ago.

Last Net Pct Low High Volume
chng chng
WHEAT SRW MAY8 463.00 -9.50 -2.0 461.50 470.25 78525
WHEAT SRW JUL8 479.50 -9.75 -2.0 478.00 487.00 77608
WHEAT HRW MAY8 479.00 -16.75 -3.4 477.25 490.00 26020
WHEAT HRW JUL8 497.50 -17.50 -3.4 496.50 510.00 34102
SPG WHT MAY8 607.75 -9.25 -1.5 603.50 614.25 2788

SPG WHT JUL8 616.75 -10.00 -1.6 613.25 624.50 4009

(Reporting by Mark Weinraub
Editing by James Dalgleish)

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