Wheat Futures Little Changed

March Chicago Wheat is trading at 434, up 1/2 of a cent/bushel. May Chicago Wheat is trading at 448 1/2, up 1/4 of a cent/bushel. March Kansas City Wheat is trading at 451 3/4, down 1/4 of a cent/bushel. Wheat futures are trading rangebound. The USDA reported on Tuesday that wheat export inspections as of January 12th are now 60.8 percent of the agency forecast versus the five year average of 60.8 percent. Ukraine's Agricultural Ministry reported the nation's 2016 wheat production was near 26 million tonnes, up 10 percent from a year ago and the best wheat crop since 1991.