Wheat Little Changed

Wheat futures are trading steady to a little higher Thursday morning after Wednesday's sharp decline. September Chicago Wheat is trading at 500 1/4, up 4 cents and December Chicago Wheat is trading at 509, up 3 3/4 cents. September Kansas City Wheat is trading at 497 1/4, up 2 cents and December Kansas City Wheat is trading at 517, up 2 1/4 cents.

Market chatter about weather for Canada and yields in the U.S. have been making the rounds. Market chatter about large global supplies has led to selling on rallies in recent sessions.