Wheat Futures Trading Lower

May Chicago Wheat is trading at 451 3/4, down 6 3/4 cents/bushel. May Kansas City Wheat is trading at 466 1/4, down 7 3/4 cents/bushel. Wheat futures are trading at the session lows after showing a steady trade early in the day. Chatter various weather forecasts for wheat areas in a the U.S. and trade policy is making the rounds. The U.S. Department of Agriculture (USDA) World Agricultural Supply and Demand Estimates Report (WASDE) and crop production data is scheduled for release Thursday at 12:00 p.m. ET.