March Chicago Wheat is trading at 454 1/2, down 1/4 of a cent/bushel. May Chicago Wheat is trading at 467 3/4, down 3/4 of a cent/bushel. March Kansas City Wheat is trading at 468, down 1 1/4 of a cent/bushel.
Wheat futures are trading steady.
India's Farm Ministry is estimating record grain production this year of nearly 272 million tonnes. India's wheat production Is estimated to be near 96.6 million tonnes up about 4.7 percent.
The USDA weekly export report for wheat is due out at 8:30 a.m. ET.
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