CBOT wheat futures sag amid plentiful world supplies, sluggish exports

CHICAGO, Jan 15 (Reuters) - Chicago Board of Trade wheat futures closed lower on Thursday on reminders of plentiful global grain supplies, traders said.

• CBOT March soft red winter wheat WH26 settled down 2 cents at $5.10-1/2 per bushel

• K.C. March hard red winter wheat KWH26 ended down 5 cents at $5.17-1/4 a bushel and Minneapolis March spring wheat MWEH26 fell 4-1/2 cents to settle at $5.62-1/2 a bushel.

• The International Grains Council raised its estimate of global 2025/26 wheat production to 842 million metric tons, up from 830 million seen previously, driven partly by improved outlooks for Argentina and Canada.

• Lackluster export demand for U.S. supplies added to bearish sentiment. The U.S. Department of Agriculture reported net export sales of U.S. wheat in the week to January 8 at 156,300 metric tons, toward the low end of trade expectations for 100,000 to 450,000 tons. EXP/WHE

• Euronext wheat futures edged higher, supported by an easing in the euro.

• Saudi Arabia's state grains buying agency issued an international tender to purchase around 595,000 metric tons of hard milling wheat.