Wheat Little Changed

July Chicago Wheat is trading at 482, up 1 1/2 cents. July Kansas City Wheat is trading at 506 3/4, down 1 cent. On Tuesday, the USDA estimated ending wheat stocks for 2014/2015 were 709 million bushels. Ending stocks for the 2015/2016 growing season were 793 million bushels. The USDA estimated world ending stocks 2014/2015 at 200.97 million tons. World ending stocks for 2015/2016 are now at 203.32 million tons. The USDA estimates for winter wheat production in the U.S. is now 1.472 billion bushels versus 1.378 billion in 2014. Kansas City (Hard Red Winter) wheat was 853 million bushels versus 739 million a year ago. Chicago (Soft Red) winter came in at 416 million bushels versus 455 million a year ago. Total wheat production was estimated to be 2.087 billion bushels versus 2.026 billion in 2014.