Wheat Futures Little Lower

March Chicago Wheat is trading at 408 1/4, down 1 cent/bushel. May Chicago Wheat is trading at 420, down 1 1/4 cents/bushel. March Kansas City Wheat is trading at 410 1/4, down 2 1/2 cents/bushel. Wheat futures are trading rangebound. The USDA reported on Thursday that wheat export sales as of December 8th are now 75 percent of the agency forecast versus the five year average of 70.1 percent.