Wheat Futures Little Changed

March Chicago Wheat is trading at 423 1/2, down 1 cents/bushel. May Chicago Wheat is trading at 437, down 1 1/2 cents/bushel. March Kansas City Wheat is trading at 436 1/4, down 1 1/2 cents/bushel. Wheat futures are trading rangebound and at the session lows. The USDA weekly export sales report for wheat is due out at 8:30 a.m. ET. Street estimates for Australian wheat production are near 33 million tonnes. Argentina's wheat production is estimated to be near 15.5 million tonnes. Argentina's Agroindustry Minister said 10 million tonnes are available for export versus 8.5 million tonnes a year ago.