CBOT wheat slumps under pressure from technical selling

CHICAGO, Jan 6 (Reuters) - Chicago Board of Trade wheat futures sagged on Tuesday as technical selling pressured the market, traders said.

• Prices pulled back after the most-active contract Wv1 reached a one-week high.

• Traders are waiting for the U.S. Department of Agriculture to issue key crop reports on Monday, including data on U.S. winter wheat plantings.

• They kept an eye on dry conditions in parts of the nation's winter wheat belt.

• In Ukraine, a major wheat exporter, December weather was favourable for winter grain crops, Ukraine's Academy of Science said.

• CBOT March soft red winter wheat WH26 closed 2 cents lower at $5.10-1/2 per bushel.

• K.C. March hard red winter wheat KWH26 ended 3/4 cent higher at $5.21-1/2 per bushel, while Minneapolis March spring wheat MWEH26 was down 4 cents at $5.67-1/4 per bushel at the close of trading.