Wheat Little Lower

Wheat futures are trading a little lower Wednesday morning. September Chicago Wheat is trading at 503 3/4, down 7 cents and December Chicago Wheat is trading at 513 1/4, down 7 cents. September Kansas City Wheat is trading at 500 1/2, down 4 1/4 cents and December Kansas City Wheat is trading at 520 1/2, down 4 cents.

Russia's Krasnodar region, which produces a lot of wheat, is reporting record yields and harvest is almost done. Crop tours in the US are reporting yields in the Dakotas and Minnesota are near 20-year highs.