Wheat Futures Trading Lower

May Chicago Wheat is trading at 428 1/4, down 3 cents/bushel. May Kansas City Wheat is trading at 464 1/4, down 2 3/4 cents/bushel. Wheat futures are trading near the session lows. The USDA reported on Friday that wheat export sales as of February 16th are now 87.4 percent of the agency forecast versus the five year average of 85.4 percent. The USDA weekly export inspection report for wheat is due out at 11:00 a.m. ET.