USDA Export Sales; Wheat Futures Lower

The USDA reported today that wheat export sales for the week ending December 8th totaled 531,300 tonnes. Sales were up 6 percent from the previous week and down 7 percent from the four week average. March Chicago Wheat is trading at 415 1/2, down 2 1/2 cents/bushel. May Chicago Wheat is trading at 426 1/2 , down 2 1/2 cents/bushel. March Kansas City Wheat is trading at 417 3/4, down 2 1/4 cents/bushel.