Wheat Futures Little Lower

September Chicago Wheat is trading at 425 1/2, down 1 1/2 cents/bushel. December Chicago Wheat is trading at 442 3/4, down 1 1/2 cents/bushel. September Kansas City Wheat is trading at 419 1/2 , down 1 1/2 cents/bushel. December Kansas City Wheat is trading at 445, down 1 3/4 cents/bushel. Wheat futures are trading rangebound and a little lower Friday morning. The European Union (EU) issued export licenses for 538,000 tonnes of wheat during the week. EU wheat exports for the current year now total about 3.6 million tonnes. The USDA reported on Thursday that wheat export sales as of August 11th are now 43.3 percent of the agency forecast versus the five year average of 42.7 percent.