Wheat Little changed ahead of USDA report

September Chicago Wheat is trading at 581, up 3 cents and December Chicago Wheat is trading at 588, up 2 cents. September Kansas City Wheat is trading at 580 3/4 , up 1 1/2 cents and December Kansas City Wheat is trading at 600 1/2, up 1 and 1/4 cents. On Thursday the USDA report that weekly wheat export sales were 347,000 tonnes. The European Union posted export licenses for 467,000 tonnes. Market talk about Weather in Canada and Europe is making the rounds. The USDA is scheduled to release its monthly crop production report today at 12:00 PM ET. Wheat production is estimated to increase by 20 to 25 million bushels. Ending stocks are estimated to 840 to 860 million bushels versus 814 million in the June report. Trading is expected to be very choppy.