Wheat Futures Edge Lower

March Chicago Wheat is trading at 426 1/4, down 4 3/4 cents/bushel. May Chicago Wheat is trading at 440 3/4, down 5 1/4 cents/bushel. March Kansas City Wheat is trading at 445 1/2 , down 6 3/4 cents/bushel. Wheat futures are trading just above the session lows. Market chatter about better growing conditions for various U.S. wheat areas and prices of overseas wheat is making the rounds. Street estimates for European Union wheat production are around 143.8 million tonnes up 6 percent from a year ago.