Wheat Futures Little Changed

March Chicago Wheat is trading at 422 1/2, down 1 cent/bushel. May Chicago Wheat is trading at 438, down 1 1/4 cents/bushel. March Kansas City Wheat is trading at 438 3/4 , down 3 1/2 cents/bushel. Wheat futures are trading rangebound. International Grains Council (IGC) estimated that global wheat production will be 752 million tonnes versus their previous estimate of 749 million tonnes. The European Commission reported that European Union soft wheat exports are down around 3.1 percent this year. E.U. exports are at 13.64 million tonnes since July 1st versus 14.08 million tonnes a year earlier. The USDA weekly export sales report for wheat is due out at 8:30 a.m. ET.