CBOT wheat ends lower on ample supplies, weakness in corn futures

CHICAGO, Jan 12 (Reuters) - Chicago Board of Trade wheat futures closed lower on Monday on reminders of rising global supplies and spillover weakness from 5% slide in corn futures after the U.S. Department of Agriculture raised its estimate of the nation's corn harvest, traders said.

• CBOT March soft red winter wheat WH26 settled down 6 cents at $5.11-1/4 per bushel.

• K.C. March hard red winter wheat KWH26 ended down 3-1/2 cents at $5.26-3/4 a bushel and Minneapolis March spring wheat MWEH26 fell 1-3/4 cents to finish at $5.65-3/4 a bushel.

• In a monthly supply/demand report, the USDA raised its forecast of global wheat ending stocks for the current 2025/26 marketing year to 278.25 million metric tons, up from 274.87 million last month and above a range of analyst estimates.

• The agency upped its forecasts of the 2025/26 wheat harvests in Argentina and Russia.

• The USDA raised its forecast of U.S. 2025/26 wheat ending stocks to 926 million bushels, up from 901 million last month and at the high end of a range of trade estimates.

• In its first estimates of U.S. winter wheat plantings for harvest in 2026, the USDA said farmers seeded 32.990 million acres, above an average of trade estimates but down slightly from 33.153 million acres a year ago.

• The USDA reported export inspections of U.S. wheat in the latest week at 317,465 metric tons, in line with trade expectations for 200,000 to 400,000 tons. USDA/I