CBOT wheat finishes down in setback from recent gains

CHICAGO, Nov 19 (Reuters) - Chicago Board of Trade wheat futures closed down on Wednesday as the market pulled back after climbing to its highest level since July during the previous session.

• CBOT December soft red winter wheat WZ25 closed down 9-3/4 cents at $5.36-3/4 per bushel.

• K.C. December hard red winter wheat KWZ25 ended 10-3/4 cents weaker at $5.15-1/2 per bushel, and Minneapolis December spring wheat MWEZ25 was last down 1-1/2 cents at $5.81-1/4 per bushel.

• CBOT wheat recently rose as some traders hoped that China could turn to U.S. supplies as part of purchases of American farm goods. However, traders said the outlook for wheat prices remained fundamentally bearish given ample world supplies.

• Ukraine, a major grain exporter, will not restrict wheat exports in 2025/26 due to a larger harvest and slower shipments at the start of the season, the country's deputy economy minister told Reuters.

• Traders were waiting for the U.S. Department of Agriculture to release U.S. grain export sales data on Thursday, after the agency halted the release of weekly reports during the federal government's shutdown.

• Analysts estimated that weekly 2025-26 U.S. wheat export sales were 350,000 to 600,000 metric tons in the week that ended on October 2.