Wheat futures are looking a bit soft heading into the weekend. Just checked the boards and Chicago SRW is down fractionally, while Kansas City HRW is off 1 to 2 cents across the board. Minneapolis spring wheat is taking a bigger hit at down 2 to 3 cents midday. The export wheat news is actually pretty solid though - commitments are sitting at 20.228 million metric tons as of early January, which is 18% above where we were a year ago. Shipments are running at 15.16 MMT, up 21% year-over-year, so the pace looks decent relative to USDA targets. Been watching this wheat news closely since the USDA is dropping an updated WASDE on Monday. They're forecasting ending stocks around 896 million bushels, down 5 from the previous estimate. March CBOT wheat is trading at 5.17 and a half, down half a cent, while May is at 5.28 and three quarters. KC contracts are showing more weakness - March down 1 and a half at 5.28 and three quarters, May off 1 and three quarters at 5.41 and a quarter. Minneapolis wheat news is the weakest of the bunch with March down 2 and three quarters at 5.68 and a half. Nothing dramatic here, just the usual end-of-week consolidation in the wheat complex.