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Wheat futures this morning are trading mixed and mostly within a penny of unchanged after closing 7 to 8 1/2 cents lower in CHI and KC on Monday, and down 4 to 5 cents in MPLS. Mar16 HRW set a life of contract low at $4.45 on Monday. Mar16 SRW and HRS closed at their lowest prices since Jan 4. There was 398,216 MT of US wheat inspected for export during the week ending 2/8, up 40% from the week before, and just 310 MT larger than the same week in 2015. Inspections are still 11.6% lower than the 2014/15 marketing year at this point. Pre-report estimates for the WASDE report this morning have 15/16 US ending stocks at 949 mbu (Jan: 941 mbu). World ending stocks are projected to dip slightly to 231.43 MMT (Jan: 232.04 MMT). The Russian Agriculture Minister estimates that 2015/16 Russian wheat exports will total between 22 and 23 MMT (USDA Jan: 23.5 MMT). Japan is tendering for 146,000 MT of optional origin wheat, with results expected Thursday.