Wheat futures are trading a little lower early Tuesday morning. May Chicago Wheat is trading at 494 1/4, down 4 1/4 cents. July Chicago wheat is trading at 493 3/4, down 4 1/2 cents. May Kansas City Wheat is trading at 509, down 3 1/2 cents.
Market chatter about overseas price competition and large global supplies has kept sellers active. Traders are expecting choppy trading.
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