Wheat Little Higher

Wheat futures are trading steady to a little higher Monday morning. September Chicago Wheat is trading at 512 3/4, up 2 1/4 cents and December Chicago Wheat is trading at 517 3/4, up 2 cents. September Kansas City Wheat is trading at 495 3/4, up 2 3/4 cents and December Kansas City Wheat is trading at 516 1/4, up 2 1/2 cents.

Market chatter about the USDA production report on Wednesday is making the rounds and has kept both buyers and sellers active. Early estimates for U.S. ending stocks for 2015/2016 are 855 million bushels versus 842 million a year ago.