September Chicago Wheat is trading at 435, up 4 1/2 cents/bushel. December Chicago Wheat is trading at 457, up 4 cents/bushel. September Kansas City Wheat is trading at 415 1/4, down 1 1/2 cents/bushel.
The USDA just released the monthly Wheat crop production report. The agency is estimating All Wheat production to be 2.261 billion bushels versus 2.077 billion bushels on the June report.
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