Wheat Futures Little Lower Ahead of USDA Data

December Chicago Wheat is trading at 405 1/2, down 1 3/4 cents/bushel. March Chicago Wheat is trading at 423 1/4, down 1 3/4 cents/bushel. December Kansas City Wheat is trading at 404 1/4 , down 2 cents/bushel. The U.S. Department of Agriculture (USDA) reported on Tuesday that wheat export inspections of October 6th are now 40.7 percent of the USDA forecast versus the five year average of 41.2 percent. The USDA World Agricultural Supply and Demand Report (WASD) is due out at 12:00 p.m. ET. There is some chatter making the rounds that Ukraine winter grain growing area may fall by 500,000 hectares due to adverse amounts of rainfall.