Wheat Futures New Contract Lows

September Chicago Wheat is trading at 403 3/4, down 2 1/2 cents/bushel. December Chicago Wheat is trading at 430 1/2, down 2 1/2 cents/bushel. September Kansas City Wheat is trading at 407 3/4, down 1 1/2 cents/bushel. Wheat futures are trading modestly choppy after September futures set news contract lows today. Market chatter about ample global supplies is ongoing. Iran's government said it will become self-sufficient in wheat and plans to export up to 2 tonnes of wheat by March.