December Chicago Wheat is trading at 414 3/4, up 1/2 of a cent/bushel. March Chicago Wheat is trading at 432 3/4, up 1 1/4 cent/bushel. December Kansas City Wheat is trading at 414 1/4 , up 1/2 of a cent/bushel.
Wheat futures are trading steady.
Market chatter about weather for overseas and U.S. wheat producing areas is making the rounds.
Trading is rangebound. The street estimate for India's wheat production is near 87 million tonnes versus the most recent USDA estimate of 90 million tonnes.
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