Wheat Futures Little Lower

March Chicago Wheat is trading at 436 1/4, down 1 3/4 cents/bushel. May Chicago Wheat is trading at 451 3/4, down 1 3/4 cents/bushel. March Kansas City Wheat is trading at 455 1/2, down 2 1/4 of cent/bushel. Wheat futures are trading a little lower. The USDA estimate for wheat acreage is 46.0 million acres. Argentina's government increased the their estimate of the nation's wheat production to 18.3 million tonnes versus the most recent USDA estimate of 15.0 million tonnes. The USDA weekly export sales report for wheat is due out at 8:30 a.m. ET.
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