Wheat Futures Little Higher

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September Chicago Wheat is trading at 417 1/4, up 2 1/4 cents/bushel. December Chicago Wheat is trading at 444, up 2 cents/bushel. September Kansas City Wheat is trading at 413 3/4, up 1 3/4 cents/bushel. Wheat futures are trading a little higher Wednesday morning after Tuesday's weak trading session. Market chatter about Russian wheat supplies and Ukraine wheat production has led to selling on rallies. Street estimates are showing increases to Ukraine wheat production to 24.8 million tonnes from 24.4 million in previous forecasts. Some chatter about positioning ahead of the month-end is showing up, trading is expected to remain choppy.
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Posted In: FuturesCommoditiesMarketsWheat futures
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