CBOT wheat futures decline on global supplies, Russian prices falling

CHICAGO, Nov 24 (Reuters) - Chicago Board of Trade wheat futures ended lower on Monday on hefty supplies and falling Russian wheat prices, market analysts said.

• CBOT March soft red winter wheat WH26 settled down 5 cents to close at $5.34-3/4 per bushel. Earlier in the session, the contract dipped to the lowest price since October 27.

• K.C. March hard red winter wheat KWH26 ended down 3-3/4 cents at $5.22-1/2 a bushel, and Minneapolis December spring wheat MWEH26 settled up 3/4 cent at $5.76.

• The U.S. Department of Agriculture on Monday reported export inspections of U.S. wheat in the latest week at 474,530 metric tons, above the range of trade expectations for 200,000 to 400,000 tons. USDA/I

• Russian wheat export prices slipped further last week amid high global supply, but analysts said they do not expect this trend to intensify significantly.

• Sowing of winter crops for next year's harvest is progressing well in most of the European Union and cereals and rapeseed are experiencing generally good early growth conditions, the EU's crop monitoring service MARS said on Monday.

• Saudi Arabia's main state wheat buying agency, the General Food Security Authority, said on Monday it has purchased 300,000 metric tons of wheat in a tender.