Wheat Futures Lower

Wheat futures have are trading lower early Monday morning. September Chicago Wheat is trading at 545 1/2, down 8 1/2 cents and December Chicago Wheat is trading at 554 1/2, down 9 cents. September Kansas City Wheat is trading at 537, down 9 1/2 cents and December Kansas City Wheat is trading at 557, down 9 cents.

Market chatter about less than stellar U.S. wheat exports and harvest pressure is making the rounds. Market talk about rains in Canada has eased some weather concerns for spring wheat production in Canada.