Wheat Higher

Wheat futures are trading higher Wednesday after Tuesday's move higher. March Chicago Wheat is trading at 518 1/4, up 4 1/2 cents. March Kansas City Wheat is trading at 562 1/2, up 3 1/2 cents. Chatter that Egypt bought 300,000 tons of wheat from France and Romania made the rounds. Market talk of possibly lower crop conditions for the winter wheat crop in the U.S. was supportive Tuesday. Chatter that China will auction wheat from their state reserves this week is making the rounds.