Wheat Futures Trading Higher

March Chicago Wheat is trading at 413 1/2, up 4 3/4 cents/bushel. March Kansas City Wheat is trading at 421 1/2, up 3 1/4 cents/bushel. Wheat futures are trading just under the session highs. Market chatter about global wheat supplies and overseas demand is making the rounds. The USDA baseline forecast for 2017 to 2018 wheat acres is 48.5 million acres, down 2.8 million acres from this year.