Wheat Futures Little Changed

December Chicago Wheat is trading at 404, down 3/4 of a cent/bushel. March Chicago Wheat is trading at 427 1/4, down 3/4 of a cent/bushel. December Kansas City Wheat is trading at 420, down 1 1/2 cents/bushel. Wheat futures are trading steady to a little lower. The USDA weekly export inspection report for wheat is due out later today. The European Union (EU) issued export licenses last week for 452,000 tonnes of wheat, so far for the season EU export licenses for wheat have reached 5.9 million tonnes. Coceral reduced their EU wheat production estimate to 133.8 million tonnes versus their June estimate of 148 million tonnes.