CBOT wheat eases on ample global supplies, lower corn and soy

CHICAGO, Jan 13 (Reuters) - Chicago Board of Trade wheat futures eased on Tuesday on rising global supplies and spillover weakness from lower corn and soybean prices, traders said.

• CBOT March soft red winter wheat WH26 settled down 3/4 cent at $5.10-1/2 per bushel.

• K.C. March hard red winter wheat KWH26 last traded 7-3/4 cents lower at $5.19 a bushel while Minneapolis March spring wheat MWEH26 added 1 cent to finish at $5.66-1/2 a bushel.

• Ample global supplies continued to anchor wheat futures. In a monthly supply/demand report on Monday, the U.S. Department of Agriculture raised its forecast of global wheat stocks above trade estimates. The agency also upped its forecasts for harvests in Argentina and Russia.

• Australia and Argentina exported around 620,000 metric tons of wheat to China in December, shipping data showed, and analysts and traders expect shipments to continue as Chinese buyers take advantage of low global prices.

• Russia's IKAR consultancy raised the country’s grain export potential for the 2025/26 season to 60.2 million metric tons from 57.8 million tons, but warned the target may not be met due to a poor crop in the south.