Wheat Little Changed

Wheat futures are little changed Thursday morning after Wednesday's move higher. July Chicago Wheat is trading at 479, down 1/4 of a cents. July Kansas City Wheat is trading at 504, up 1/2 cent. Chatter about reduced production in Canada and some talk of less than expected yields in the U.S. led to some buying. Today's USDA weekly export data for Wheat is expected to show 500,000 tons exported. Market chatter about large overseas supplies continues and has led to selling on rallies.