Wheat little higher

Wheat futures are trading a little higher Friday morning. July Chicago Wheat is trading at 4741/2, up 1 3/4 of a cents and July Kansas City Wheat is trading at 501 1/2, up 1 3/4 cents. Market talk that EU granted export licenses for over 270,000 tonnes of wheat this week and that EU exports are now 28.0 million tonnes versus last year's 25.2 million is making the rounds. On Thursday the USDA Weekly export sales report showed some cancellations and came in at 298,600 tonnes. Within the report new crop export sales are down 7% from a year ago.