Wheat Lower

Wheat futures have extended Tuesday's losses into Wednesday morning. July Chicago Wheat is trading at 488, down 5 1/2 cents. July Kansas City Wheat is trading at 516 1/2 down 8 cents. On Tuesday the USDA reported that weekly wheat export inspections were 418,376 tonnes. Market talk about weather overseas and large supplies has been making the rounds Wednesday morning. Trading is expected to remain very choppy.