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Wheat futures are trading lower Monday morning. Market talk about weather has kept both buyers and sellers active. Chatter about world supplies and the continued over-all increase in EU exports and lousy China trade data overnight has brought some sellers in. May Wheat is trading at 514 3/4, down 11 3/4 cents. July Chicago wheat is trading at 512 3/4, down 111/4 cents. May Kansas City Wheat is trading at 545 down 13 cents. Market talk about good crops globally has buyers backing away.
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