1.   Wheat futures were mostly lower on a slow export outlook and on a report that Canada may increase wheat acreage this year over last.

2.   Wheat futures gained on declining spring wheat acreage and a wheat sale Wednesday night to Egypt.

3.   Wheat futures rose on concern about sharp losses to spring wheat acreage and the growing signs of disease to the red winter wheat crop because of excessive rain.

4.   A reduced estimate of U.S. wheat acreage helped in the price increase.

5.   The government also reported a sharply lower spring wheat acreage estimates.

6.   Wheat acreage has been reduced for three straight years because the low prices provide less incentive to growers.