Wheat Futures Mixed

March Chicago Wheat is trading at 408 1/4, unchanged on the day. May Chicago Wheat is trading at 419 1/2, up 3/4 of a cent/bushel. March Kansas City Wheat is trading at 404 1/4 , down 1/2 of a cent/bushel. Wheat futures are trading rangebound. The USDA reported on Thursday that wheat export sales for 2016 to 2017 as of December 1st are now 73 percent of the agency forecast versus the five year average of 68.3 percent. The USDA World Agricultural Supply and Demand Estimates Report (WASDE) is due out at 12:00 p.m. ET.