Wheat Little lower

July Chicago Wheat is trading at 485 down 3 3/4 cents. July Kansas City Wheat is trading at 507 1/4, down 3 cents. Trading is expected to remain very choppy. The USDA will report weekly export sales today , the estimates are for 300,000 tonnes. The International Grains Council has estimated 2015/16 global wheat production to be near 715 million tonnes, a 10 million increase from last month and down a little from 721 million tonnes a year ago. The Council has estimated wheat usage to be near 715 million tonnes and has left ending stocks nearly unchanged 200 million tonnes. Market talk about U.S. weather as harvest begins and over all crop conditions has kept trading active. Egypt was a buyer of wheat from Romania and Russia.
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