USDA Wheat Crop Report; Wheat Futures Trading lower

The USDA World Agricultural Supply and Demand Estimates Report (WASDE) was just released. The USDA estimate for all U.S. wheat production is 2.321 billion bushels versus 2.261 billion in July. September Chicago Wheat is trading at 411 1/4, down 5 cents/bushel. December Chicago Wheat is trading at 430 3/4, down 6 1/4 cents/bushel. September Kansas City Wheat is trading at 408, down 4 1/4 cents/bushel.