Wheat Little Higher

Wheat futures are trading a little higher Friday morning. September Chicago Wheat is trading at 502, up 5 1/2 cents and December Chicago Wheat is trading at 509, up 4 3/4 cents. September Kansas City Wheat is trading at 495 1/4, up 4 1/4 cents and December Kansas City Wheat is trading at 515, up 4 1/4 cents.

On Thursday the USDA reported that weekly wheat export sales were 700,400 tons. Market chatter about month end positioning and global wheat supplies has kept both buyers and sellers active. Trading is expected to be choppy.