Wheat Little Lower

Wheat Futures are trading a little lower Wednesday morning. July Chicago Wheat is trading at 507, down 3 1/4 cents. July Kansas City Wheat is trading at 537 1/4, down 2 3/4 cents. On Tuesday, the USDA reported that weekly Wheat export inspections were 309,562 tons. Market chatter about global prices for wheat is making the rounds. Talk that Russia is selling Wheat under prices for U.S. wheat has been making the rounds and has led to some selling. Chatter about weather and yields in the U.S. lingers in the background as positioning ahead of the holiday on Monday is likely to lead to wide trading ranges.