Wheat was up 1/4 to 10-1/2 cents per bushel, with July up 5-3/4 at $7.94-1/4 per bushel early on Tuesday. Rebound from Monday's decline with gains in corn also supportive. USDA's June production and supply/demand reports neutral for wheat prices.
USDA pegs 2008 US winter wheat production 1.82 billion bushels, up 2 percent from forecast in May and 20 percent above 2007 production.