Group 1 - The wheat complex showed mixed performance ahead of the USDA reports, with Chicago SRW futures slightly lower, while KC HRW futures increased by 15 ¼ cents for the week [1] - Wheat export commitments as of January 1 reached 20.228 million metric tons (MMT), which is 18% higher than the previous year and represents 83% of the USDA estimate [2] - Export shipments totaled 15.16 MMT, marking a 21% increase from last year and accounting for 61% of the USDA's export number [2] Group 2 - The USDA's Grain Stocks report is anticipated, with analysts estimating wheat stocks at an average of 1.636 billion bushels (bbu) as of December 1, with estimates ranging from 1.59 to 1.696 bbu [3] - Managed money increased their net short positions in CBT wheat futures and options to 107,165 contracts as of January 6, while KC wheat spec traders reduced their net short positions to 15,655 contracts, the lowest since November 2024 [4] - Closing prices for various wheat futures showed slight declines, with March 26 CBOT Wheat at $5.17 1/4, down 3/4 cent, and May 26 CBOT Wheat at $5.28 3/4, down 1/4 cent [4]