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July Chicago Wheat is trading at 501 3/4 , down 2 1/2 cents. December Chicago Wheat is trading at 522 3/4, down 2 3/4 cents. July Kansas City Wheat is trading at 523, down 1/4 of a cent. December Kansas City Wheat is trading at 550, down 1/4 of a cent. On Thursday the USDA reported that weekly Wheat export sales were 376,700 tonnes. Chatter about price competition from Europe and Russia is making the rounds. Egypt bought 60,000 tonnes of wheat from Russia.
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