USDA Export Sales; Wheat Futures Little Lower

The USDA reported today that wheat export sales for the week ending February 2nd totaled 527,300 tonnes. Sales were up 17 percent from previous week and up 9 percent the four week average There were 16,300 tonnes sold for 2018. March Chicago Wheat is trading at 430 1/4, down 2 1/4 cents/bushel. May Chicago Wheat is trading at 441 3/4, down 1 3/4 cents/bushel. March Kansas City Wheat is trading at 439 1/4, down 2 3/4 cents/bushel.