CBOT wheat futures turn lower as traders focus on ample supplies

CHICAGO, Oct 30 (Reuters) - Chicago Board of Trade wheat futures turned lower on Thursday, as traders reacted cautiously to agricultural commitments made in U.S.-Chinese trade talks and shifted their focus back to ample supply, market analysts said.

• Roughly one-third of the wheat in the U.S. Plains is still too dry, an analyst note said.

• The U.S. Department of Agriculture suspended weekly export sales reports, normally published on Thursdays, due to the federal government's shutdown.

• CBOT December soft red winter wheat WZ25 finished down 8 cents at $5.24-1/4 per bushel.

• K.C. December hard red winter wheat KWZ25 fell 9-3/4 cents to end at $5.13 a bushel, and Minneapolis December spring wheat MWEZ25 ended 10 cents lower at $5.50-1/2 a bushel.

• U.S. President Donald Trump said on Thursday he had agreed with Chinese President Xi Jinping to trim tariffs on China in exchange for Beijing cracking down on the illicit fentanyl trade, resuming U.S. soybean purchases and keeping rare earths exports flowing.

• China agreed to buy 12 million metric tons of U.S. soybeans through January, and to purchase 25 million tons annually for the next three years, U.S. Treasury Secretary Scott Bessent told Fox Business Channel's "Mornings with Maria" program.

• Traders cautioned that the exact time frame remained unclear and the announcements were yet to translate into large-scale purchases, while other crops were not mentioned except for sorghum, which Trump referenced without any details.