“Chicago and KC wheat futures continued to trade lower. USDA estimates World wheat crop at 808 mmt versus 800 last year. US is 52  mmt versus 53 last year. One group estimated US crop closer to 50 mmt. Today, S&P Global raised EU wheat crop 1 mmt, Russia 900 mt and Canada 1 mmt. USDA estimates World wheat exports at 213 mmt versus 205 last year. US is 23 mmt vs 22 last year. Russia 46 mmt vs 43 last year. EU 32.5 mmt versus 26.5 last year. Canada 27.0 versus 27.5 last year. Australia 23.0 mmt versus 25.0 last year. World wheat end stocks are estimated at 261 mmt versus 263 last year,” noted Steve Freed with ADM Investor Services.