
CHICAGO, Feb 9 (Reuters) - Chicago Board of Trade wheat futures ended modestly lower on Monday on follow-through selling after Friday's lower close as brokers awaited fresh fundamental direction.
CBOT March soft red winter wheat WH26 settled down 1 cent at $5.28-3/4 per bushel.
K.C. March hard red winter wheat KWH26 ended down 2-1/2 cents at $5.28-3/4 a bushel while Minneapolis March spring wheat MWEH26 rose 1/2 cent to finish at $5.70-1/2 per bushel.
Traders shrugged off support from a setback in the dollar .DXY, which tends to make U.S. grains more competitive globally, as well as stronger-than-expected weekly U.S. export inspections.
The U.S. Department of Agriculture reported export inspections of U.S. wheat in the latest week at 580,130 metric tons, topping a range of trade expectations for 300,000 to 500,000 tons. USDA/I
Traders were squaring positions ahead of the USDA's monthly world supply-demand report on Tuesday.
Analysts surveyed by Reuters, on average, expected the USDA to trim its forecast of U.S. 2025/26 wheat ending stocks while leaving global wheat stocks forecasts nearly unchanged.
In global news, increased demand and bad weather in ports supported export prices for Russian wheat last week, offsetting forecasts of a strong new harvest, analysts said.