March Chicago Wheat is trading at 404 3/4, down 2 cents/bushel. May Chicago Wheat is trading at 417 1/4, down 2 cents/bushel. March Kansas City Wheat is trading at 404 1/2 , down 1/2 of a cent/bushel.
Wheat futures are trading ja little lower.
Statistics Canada estimates that Canadian farmers will produce 31.7 million tonnes of wheat versus their previous estimate of 31.3 million tonnes and up 15.2 percent from last year's wheat production of 27.5 million tonnes.
Street estimates are showing up that wheat plantings in France are up around 5 percent for the next season's wheat crop.
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