Wheat Extends Losses

Wheat futures have extended losses from early in the session. September Chicago Wheat is trading at 497 3/4, down 13 cents and December Chicago Wheat is trading at 507 1/4, down 13 1/4 cents. September Kansas City Wheat is trading at 495 3/4, down 9 cents and December Kansas City Wheat is trading at 515 1/4, down 9 1/4 cents. Trading is choppy and near the session lows. Market chatter about some buyers near 493 and 485 for September is making the rounds.