Wheat Little Changed

Wheat futures are trading a little higher Tuesday morning. September Chicago Wheat is trading at 503 3/4, up 1 1/4 cents and December Chicago Wheat is trading at 513 1/2, up 1 3/4 cents. September Kansas City Wheat is trading at 501 1/2, up 2 1/4 and December Kansas City Wheat is trading at 521 1/2, up 2 1/4 cents.

Market talk that Egypt's wheat imports may drop below 4.0 million tonnes is making the rounds. The Canadian Wheat Board (CWB) tour last week showed Canadian production may be near 23.1 million tons.