Wheat moves higher

Wheat futures have moved higher Friday morning. September Chicago Wheat is trading at 546 1/2, up 8 1/2 cents and December Chicago Wheat is trading at 556 1/4 , up 7 3/4 cents. September Kansas City Wheat is trading at 550 1/2 , up 7 cents and December Kansas City Wheat is trading at 569 1/2, up 7 1/4 cents. Market chatter about weather in the U.S. and hot plus dry weather in France is making the rounds. The International Grain Council lowered it's forecast for world wheat production to 711 million tonnes versus 715 million in their previous forecast. On Thursday the USDA reported that weekly wheat export sales were 435,600 tonnes. Chatter about weather for Canadian wheat growing regions and the USDA report next week continues nonstop.
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