Wheat Little Changed

July Chicago Wheat is trading a little lower after Thursday's sharp move higher. July Chicago Wheat is trading at 511 3/4, down 3 cents. July Kansas City Wheat is trading at 543 3/4, up 1/2 of a cent.

Market chatter about U.S. weather continues. Market talk about Russian weather is now making the rounds. The USDA has Estimated Russian production at 53.50 million tons versus a little under 60 million in 2014.