By Kirk Maltais --Wheat for May delivery fell 1.5% to $6.42 1/2 a bushel on the Chicago Board of Trade Thursday after Egypt's grain buying authority paid a lower price for grain exports, indicating lower demand for wheat. --Soybeans for May delivery rose 0.3% to $14.13 1/2 a bushel. --Corn for May delivery rose 0.8% to $5.38 1/2 a bushel. HIGHLIGHTS Follow the Leader: Wheat futures fell Thursday, after the Egyptian state grains buyer purchased Romanian wheat for a price cheaper than its previous purchase -- $281.49 per ton vs. $291.70 last month. Egypt launched this tender for 360,000 tons late yesterday, for delivery in mid-April. Better Than Expected: Projections for Brazilian crop production rose from the previous month, according to the latest data from Brazil's crop agency Conab. Brazilian farmers are projected to produce a record 135.1 million metric tons of soybeans this season, up from 133.8 million tons projected in February. Meanwhile, the total corn crop is seen at 108.1 million tons, up from 105.5 million tons last month. For U.S. grain futures, the uptick in production was a source of pressure today. "Conab revised higher the Brazil soybean yield and upward revised corn and soybean harvested areas, bearish for soybeans, in our opinion," said Terry Reilly of Futures International.