Wheat Sharply Lower

Wheat futures are trading sharply Monday. May Wheat is trading at 504 1/2, down 22 cents. July Chicago wheat is trading at 502 1/2, down 21 3/4 cents. May Kansas City Wheat is trading at 530, down 28 3/4 cents. Market talk about weather has kept sellers active. Chatter about world supplies and the continued over-all increase in EU exports and lousy China trade data overnight added to weakness.