Wheat Little Higher

Wheat futures are trading a little higher Thursday morning. September Chicago Wheat is trading at 505 1/4, up 3 1/4 cents and December Chicago Wheat is trading at 510, up 2 3/4 cents. September Kansas City Wheat is trading at 491 1/4, up 1 1/4 cents and December Kansas City Wheat is trading at 511 1/2, up 1 3/4 cents.

Market chatter about record wheat production in France and less wheat production from Argentine the 2015/2016 crop year is making the rounds. Market chatter that Russia may change export duties on grains has been showing up. The Australian Bureau of Meteorology said it expects El Nino conditions in Australia to strengthen during the weeks and possibly months ahead.