Wheat Moves Lower

May Chicago Wheat is trading at 524 3/4, down 6 1/2 cents. May Kansas City Wheat is trading at 556 1/4, down 6 1/2 cents. Trading has become weak and some general selling has been seen. World record supplies continue to overhang the wheat market and weather chatter has turned to better weather for European crops and a generally firm dollar is leading to some pressure. Chatter is that ECB policy will lead to a lower euro and help Europe capture more exports is seen as a negative for U.S. wheat prices.