Wheat Little Lower

Wheat futures are trading a little lower Monday morning. September Chicago Wheat is trading at 493 3/4, down 5 1/2 cents and December Chicago Wheat is trading at 499 3/4, down 5 cents. September Kansas City Wheat is trading at 485 1/2, down 6 3/4 cents and December Kansas City Wheat is trading at 505 1/4, down 6 3/4 cents. Market chatter about European exports into Mexico has been making the rounds. Chatter about record yields and abundant global supplies has kept sellers active on rallies.