December Chicago Wheat is trading at 411 1/2 , up 4 3/4 cents/bushel. March Chicago Wheat is trading at 429, up 4 1/2 cents/bushel. December Kansas City Wheat is trading at 414 1/2, up 4 1/ cents/bushel.
Wheat futures are trading higher early Thursday morning.
The USDA World Agricultural Supply and Demand Estimates Report (WASDE) showed ending wheat stocks of 1.143 billion bushels versus 1.138 billion bushels a month a ago. Global ending stocks were 249.23 million tonnes versus 248.37 million tonnes a month ago.
The USDA weekly export sales report for wheat is scheduled for release at 8:30 a.m. ET.
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