Wheat Little Higher

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The USDA reported that weekly export sales for wheat was 459,000 tons. Market talk about global production estimates from International Grains Council is showing some updated grain production estimates. Market chatter that its global wheat production estimates were raised by 2 million tons for the past season to 719 million tons, which is still a record. Chatter that next year's production is estimated to be a bit less at 705 million tons. May Chicago Wheat is trading at 504 1/2, up 4 cents. July Chicago wheat is trading at 508, up 3 1/4 cents. May Kansas City Wheat is trading at 533 3/4, up 1 1/4 cents. Today is the last day of the month and trading is expected to be choppy as month-end pricing comes into play.
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